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SPX - Hangman Weekly Chart

TVC:SPX   S&P 500
spx
A hangman can be a bearish sign. Looking, back every time we have posted a hangman candlestick close to the peak of the market, it has usually signaled a short-term top and a reversal has ensued. Be cautious, however, this market has a lot of bullishness left in it. It is unrelenting in the upside.
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