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S&P 500 Index
Short

SPX - 2 Bearish Hangmen

By stantrader
Updated
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.
Note
Once the SPX breaks below the red line, I believe that 2190 is the next stop.
SPX (S&P 500 Index)S&P 500 (SPX500)spx500short
stantrader

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