Markets › SPDR S&P 500 ETF › Hanging man
US stock market · candlestick pattern
Hanging man on SPDR S&P 500 ETF
On SPDR S&P 500 ETF the hanging man showed up 37 times. The target came first 43% of the time, the stop 57%, and 0% went nowhere within 12 candles.
Counted on SPDR S&P 500 ETF: daily candles from January 2015 and hourly candles from October 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 17 | 53% | 47% | 0% |
| Hourly | 20 | 35% | 65% | 0% |
SPDR S&P 500 ETF against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| SPDR S&P 500 ETF | 37 | 43% | 57% | 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 | 3 | 33% | 67% |
| 2025 | 15 | 33% | 67% |
| 2026 | 8 | 38% | 62% |
The last 8 times
- 10 Aug 2026, 12:30 ET · hourly · target first after 8 candles
- 10 Jul 2026, 10:30 ET · hourly · target first after 9 candles
- 12 Jun 2026, 09:30 ET · hourly · stop first after 7 candles
- 29 May 2026, 13:30 ET · hourly · stop first after 6 candles
- 12 May 2026 · daily · 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 Jan 2026, 14:30 ET · hourly · stop first after 2 candles
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 SPDR S&P 500 ETF
Inside bar · Stochastic bearish cross · Gap up · Stochastic bullish cross · Gap down · Spinning top · MACD bearish cross · Doji · RSI overbought drop · Volume profile bounce · all of them
The hanging man elsewhere
Dow Jones · S&P 500 · Nasdaq 100 · Alibaba · Tesla · Broadcom · Oracle · Nvidia · Microsoft · Meta · Sensex · Nifty 50 · Nikkei 225 · Sony · GBP/USD · EUR/JPY · Gold · Ethereum
Questions
How often does the hanging man work on SPDR S&P 500 ETF?
In 37 cases on SPDR S&P 500 ETF, the target (1.5 × ATR) came before the stop (1 × ATR) 43% of the time and the stop came first 57%; 0% went nowhere within 12 candles.
What is the hanging man?
After a rise, a long lower wick warns that sellers are testing.