S&P 500 IndexLong
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.
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.
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