Markets › S&P 500 › Hanging man
US stock market · candlestick pattern
Hanging man on S&P 500
On S&P 500 the hanging man showed up 31 times. The target came first 45% of the time, the stop 55%, and 0% went nowhere within 12 candles.
Counted on S&P 500: daily candles from January 2015 and hourly candles from September 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 15 | 53% | 47% | 0% |
| Hourly | 16 | 38% | 62% | 0% |
S&P 500 against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| S&P 500 | 31 | 45% | 55% | 0% |
| All US stock market charts | 889 | 38% | 58% | 4% |
| Every market | 8,311 | 36% | 58% | 6% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2017 | 3 | 33% | 67% |
| 2021 | 4 | 100% | 0% |
| 2024 | 4 | 50% | 50% |
| 2025 | 12 | 25% | 75% |
| 2026 | 4 | 50% | 50% |
The last 8 times
- 10 Jul 2026, 10:30 ET · hourly · target first after 9 candles
- 21 May 2026, 14:30 ET · hourly · stop first after 2 candles
- 1 May 2026, 14:30 ET · hourly · target first after 3 candles
- 20 Apr 2026, 10:30 ET · hourly · stop first after 6 candles
- 5 Sep 2025, 10:30 ET · hourly · stop first after 6 candles
- 20 Aug 2025 · daily · stop first after 2 candles
- 11 Jun 2025, 09:30 ET · hourly · target first after 2 candles
- 10 Jun 2025, 15:30 ET · hourly · stop first after 1 candle
Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.
What the hanging man is
After a rise, a long lower wick warns that sellers are testing.
Imagine climbing to the top of a hill, slipping far down, then scrambling back up. You made it, but the slip warns that the ground up there is shaky. A hanging man is that slip, showing up after price has been rising.
The full hanging man lesson, video and quiz ›
Other patterns on S&P 500
Inside bar · Stochastic bearish cross · Stochastic bullish cross · MACD bearish cross · Gap up · Spinning top · Gap down · RSI overbought drop · Doji · EMA 9/21 bullish cross · all of them
The hanging man elsewhere
Dow Jones · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Intel · Sensex · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Ethereum
Questions
How often does the hanging man work on S&P 500?
In 31 cases on S&P 500, the target (1.5 × ATR) came before the stop (1 × ATR) 45% of the time and the stop came first 55%; 0% went nowhere within 12 candles.
What is the hanging man?
After a rise, a long lower wick warns that sellers are testing.