Memo is out- The Hanging Man will not be hanged after all

Today price action negate the hanging man bearish pattern confirmation bar yesterday by not continuing on the down trend; instead, it is forming a bullish harami instead.

Take a look at the daily $SPY chart below:

SPY_Daily

The bull seems to be still in complete control so far…

My 2 cents.



Categories: SPY

Tags: , ,

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