It’s a bear flag
I posted a couple months ago about the SPX struggling against the 20 month average resistance curve, after another rally, it looks like the 20 month stopped it dead in its tracks.
If you invert the chart, you’ll see a
That price has a made a classic flag, with “support” found on the red 20 month moving average. This is a trend continuation pattern, and the trend as of Nov 2022 is downwards
If you invert the chart, you’ll see a
That price has a made a classic flag, with “support” found on the red 20 month moving average. This is a trend continuation pattern, and the trend as of Nov 2022 is downwards
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