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Markets-Macro-Charts-Alerts-Technicals

Hanging Man

Hanging ManAfter a ferocious rally based on no volume the $SPY closed the day with a hanging man candlestick pattern. These candlesticks are often associated with a trend reversal. As the candle is also black it could spell even more trouble for markets as recent black candles have been associated with at least several days of downside.

Judge for yourself of course:

SPY

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Categories: Daily Market Brief

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3 replies

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    Thank you for your help.

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