SPX - 2 Bearish Hangmen
Today the SPX made a strong come back from the lows of the day to form a hangman. Although the hangman closed positive, and is green, a hangman is generally bearish. This along with the DOJI formed a couple of days ago and the other bearish hangman formed yesterday, coupled with the all-time highs, the market is poised for a more substantial correction.
Target is 2190.
Target is 2190.
Note
Once the SPX breaks below the red line, I believe that 2190 is the next stop.
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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.