Bull flag on SPX Monthly

Monthly SPX looking super bullish. A super bull flag has formed. I suspect either 2024 or even Q2/3 of 2023 could see a strong breakout of this flag's upward channel line.

Step 1 was to breach the downward trend line
Step 2. will be to do so convincingly

Note we do not expect a hard confident break of the downward trend line this month or jan-Mar.

I suspect we will see consolidation along the downward trend line before the bull is opened up.