Based on how price is behaving, I believe SPX is in a bull flag pullback to the monthly 200sma. I will show other points to back this claim up.
I foresee price reversing soon off the top of this flag channel. Should then sell off for another leg below October low.
should see three pushes lower as October low was the first push, the second push is coming up soon. Price should bottom out at around 3000 before breaking the flag
I foresee price reversing soon off the top of this flag channel. Should then sell off for another leg below October low.
should see three pushes lower as October low was the first push, the second push is coming up soon. Price should bottom out at around 3000 before breaking the flag
Note
Note
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