MarketTimingAnalysis

Bear flag tonight!

Short
OANDA:SPX500USD   S&P 500 Index
See a bear flag tonight! Good chance to go to 2740!
Comment:
Today breakdown marks first monthly downtrend, fourth weekly downtrend and breakdown on daily head and should pattern and continue the downtrend. Overall is a big DOWn unless it has dramatically back up at the end. Again anything is possible, but now is downtrend.
Comment:
We are still in the plan! Now is 2752. Exactly the point I was looking for from bear flag pattern. More down should come!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.