simko10
Short

S&P bear flag - Beginning of something bigger?

CME_MINI:ES1!   S&P 500 E-mini Futures
The technicals are quite depressing for the SPX . Bear flag is broken. The previous correction easily could be just a dead cat bounce and now go to the deep. Some other assets are also support a bigger downtrend (at least for few months). We will see. What do you think?
I think the lows at 2550 will hold and a new rally should begin from Easter into mid may
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simko10 SimonPhillips
@SimonPhillips, that is also an option. In my opinion we can have a smaller crash till 2300-2400 range but then reverse and make a last strong exhausting phase of this bull market with new highs and go into longer bear :D Big prediction, haha
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