CurtisM

Hanging Man reversal candle remains in play

SPCFD:SPX   S&P 500 Index
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2
With today's close, $SPX is just a hare's breadth away from confirming Monday's Hanging Man reversal candle. Nothing says markets won't come back to life tomorrow and take everything back in a couple of hours, but if that does not happen then the Hanging Man candle is likely to prove predictive.

GL

Comments

for me its starting to look sideways because it broke ur downtrend - i think it will start to turn into a trading range then maybe push up
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Sometimes when a channel or any pattern breaks on low volume this makes the best time to bet big the stock goes the other way.
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I'd like to see a long tweezer top tomorrow and and a small red grave stone candle. I'd feel really good about going short if this is the case.
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