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SPX - Bearish Hangman

S&P 500 (TVC:SPX)  
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TVC:SPX   S&P 500
sp500index spx500short
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sp500index spx500short
Today the SPX was down 0.60%. Price retraced 50% from the low hit today, as compared to Friday's close, by looking at the intra-day chart.

The SPX logged a Doji candle on Thursday, which usually shows indecision. Given the next day was a down day, the reversal was cemented.

Today the SPX logged a bearish hangman. This, along with the previous doji, confirms that the trend is reversing.

Target 2190.
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