SPX500 Bearflag with rising wedge on hourly

Could be a big sell if the flag breaks - just be careful on longs, tight stops.

Комментарий:

Second attempt this morning to break out of wedge - Bulls be careful, you are on the attack - your flank is exposed cause you're attempting a breakout of a bearish pattern (rising wedge).

Комментарий:

Appears wedge breakout was a trap.
Update chart, this bear flag support has to hold or we waterfall down.

Комментарий:

Flag held, but now we have a pullback to rising wedge resistance breakdown, partial profits should be taken.

Комментарий:

It's a strong support area, could be just a liquidity test before ripping higher. Hard to open a new position here if you're not already in - staying in cash for now.

Комментарий:

Bulls screwed up here letting this flag break. We'll see how tomorrow plays out.