7.28.21 Candle Will Be Telling!

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SPDR S&P 500 ETF TRUST (AMEX:SPY)

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AMEX:SPY SPDR S&P 500 ETF TRUST

trendanalysis chartpattern indicator hangingman spyshort spy federalreserve

What we have is a possible Hanging man. We have two of the three ingredients for a 87% chance of downward trend over next week or two if next candle is red. Given this weeks events, its looking bearish short term at the very least. Will be interesting to see how things shake out!

Let me know your thoughts of if this was helpful!

Not advice or a recommendation to initiate any kind of transaction. All investments have risks associated with them. Trade with care.

Komen:

And that's 3/3 for Hanging man! 87% chance of downward trending price action over the next week+

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