S&P 500 2 Hour Bull Chart - Possible Hangman Scenario
With a small drop at close, not red, but a dip, there could be a move of about potentially 1% by the end of the day. This is a short term bullish pattern, I am still long-term (month to two months) bearish but a small move upwards would make sense for a market that seemingly only wants to go up on a slight positive move (pending home sales, rise 8.1%). We will see but it would not shock me to a 1% move upwards by the end of the day.
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