SPX and SPY both confirmed a hangman doji for end of week last week. :)
This bearish doji normally signals a reversal in price trend. en.wikipedia.org/wiki/Hanging_man_(candlestick_pattern)
I am seeing a bearish pattern ending last week, bearish pattern premarket today, and bearish patterns.
Weekly view shows same view of white 30Min wedge, inside blue ascending wedge, inside white main ascending wedge.
This is a fairly complex pattern at this point.
I almost feel like the algo computers are playing chess, but running out of squares. Check mate coming soon for the downturn.
Trend dots at bottom show we are rolling over.
Once the dots actually cross, trend is confirmed on Weekly. This will be BIG.
If you look at the chart history, the max gains are achieved by entering BEFORE the downturn.
The downturn trend cross is often the huge red candle where the money is made.
Daily view on SPX / SPY is showing a bearish harami candlestick doji (but too soon to tell as we are premarket).
Article below confirms we need to watch for next day or two to see if this is the turn.
investinganswers.com...ary/b/bearish-harami
If price on SPX / SPY goes to new ATH's or over $316 ALL BETS ARE OFF.
I will be changing my Puts expiry if this happens and will update the chart.
Today's 30Min View Chart with 2 News Links
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL, ROKU
This bearish doji normally signals a reversal in price trend. en.wikipedia.org/wiki/Hanging_man_(candlestick_pattern)
I am seeing a bearish pattern ending last week, bearish pattern premarket today, and bearish patterns.
Weekly view shows same view of white 30Min wedge, inside blue ascending wedge, inside white main ascending wedge.
This is a fairly complex pattern at this point.
I almost feel like the algo computers are playing chess, but running out of squares. Check mate coming soon for the downturn.
Trend dots at bottom show we are rolling over.
Once the dots actually cross, trend is confirmed on Weekly. This will be BIG.
If you look at the chart history, the max gains are achieved by entering BEFORE the downturn.
The downturn trend cross is often the huge red candle where the money is made.
Daily view on SPX / SPY is showing a bearish harami candlestick doji (but too soon to tell as we are premarket).
Article below confirms we need to watch for next day or two to see if this is the turn.
investinganswers.com...ary/b/bearish-harami
If price on SPX / SPY goes to new ATH's or over $316 ALL BETS ARE OFF.
I will be changing my Puts expiry if this happens and will update the chart.
Today's 30Min View Chart with 2 News Links
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL, ROKU