VasilyTrader

S&P500 Index (SPY): Classic Trend-Following Pattern

Short
BLACKBULL:SPX500   S&P 500 Index

S&P500 Index is trading in a bearish trend.
Once, the price set the last low on a daily, a correctional movement started.
The market was steadily growing within a bearish flag pattern.

To catch a bearish continuation, wait for a bearish breakout of the support of the flag.
If the price breaks and closes below that on a daily,
a bearish continuation will be expected.

Goal will be 3830


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