stantrader

SPX - Hangman Weekly Chart

TVC:SPX   S&P 500 Index
spx
A hangman can be a bearish sign. Looking, back every time we have posted a hangman candlestick close to the peak of the market, it has usually signaled a short-term top and a reversal has ensued. Be cautious, however, this market has a lot of bullishness left in it. It is unrelenting in the upside.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.