Bulls (Retail) and Bears (Banks) Are Battling It Out

 

By Licia Leslie

May 21th, 2025

Hi Shoppers,

 

As you know, I have been bullish going back to at least May 1st.

 

Now we may be petering out here:

The chart still looks bullish to the top of the pitchfork but yesterday’s inside day candle could turn into the change in trend harami candle.

 

That would signal a downturn.

 

Now of course we will need confirmation this morning of the market opening and trading lower for this scenario to pan out.

 

I am still bullish to $6126 but there may be reason to be cautious.

 

Thank You For Reading … See You Next Tuesday,

 

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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