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SPX Technical Analysis 01/24/2022 - *Hammer Candlestick* [Daily]

S&P 500 Index (SP:SPX)  
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SP:SPX   S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators hammercandlestick SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) federalreserve
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trendanalysis chartpattern indicator hammercandlestick spx spy spx500 federalreserve
SPX found ground at 4231 Support.

A beautiful hammer candlestick showed up on the daily chart today. A hammer candlestick indicates a potential price reversal to the upside. The price must start moving up following the hammer; this would confirm the reversal.

RSI extremely oversold at 20.

The Federal Reserves FOMC meeting tomorrow , and Wednesday should help provide further direction of the market.

If dovish; expect a major rally. If hawkish; look out below.

Updates to follow.


*Trade the charts, not the noise that comes with corrections*
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