Market Recap

A bullish engulfing candle is when a small red candlestick is followed by a large green candle in which it opens below the previous day's low and closes above its high, literally "engulfing" the candle. This is a very bullish pattern in which the bulls have clearly taken control over the bears. We saw this pattern occur in all major indexes today, creating very bullish sentiment to begin the 2nd quarter. 

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