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Trading my two cents

Zenhunter
Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

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

Zenhunter Thu May 2, 2013 10:41am EST Comments Off on Memo is out- The Hanging Man will not be hanged after all

Today price action negates 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.

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