SPX 1 Year Daily (Update)

10 ธ.ค. 2022

SPX broke downward through the rising wedge support . It is now in a bear flag pattern failing to retest that wedge support. The pattern has formed a lower high , I'm looking for a candle close under 3918 for a lower low which confirms Trend Change. There is a sizable gap below from 3862 to 3748 . A Big week with data coming out and SPX could whipsaw in both directions. I am looking for the gap fill and further out 3300 +/- 50 to be conservative five to seven weeks out.