S&P 500 IndexUpdated SPX Hanging Man
- While demand has been pushing the stock price higher, on this day, there was significant selling. While buyers managed to bring the price back to near the open, the initial sell-off is an indication that a growing number of investors think the price has peaked.
- The hanging man patterns that have above average volume, long lower shadows and are followed by a selling day have the best chance of resulting in the price moving lower.
- The hanging man patterns that have above average volume, long lower shadows and are followed by a selling day have the best chance of resulting in the price moving lower.
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BUTH&Si coming as well...
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this fits more with my DXY scenario...
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