alembic15

Monthly Hammers and SPX Crashes

Short
OANDA:SPX500USD   S&P 500 Index
Monthly hammers / shooting stars seem to reveal the biggest crashes of the last two decades. When it comes to charting, I am a newb but do have some foundational knowledge. This chart is just to demonstrate that the last two crashes 2007 - 2008 and March of 2020 are foreshadowed by monthly shooting star hammers.
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.