S&P futures bear flagging
15 min bear flag, lots of selling to follow when it breaks down below the flag.
Can either enter on break or on failed pullback retest.
Can either enter on break or on failed pullback retest.
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The bullish case would have been interesting but the overall trend is still down.
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Update after today's action. Price has yet to break out of the downsloping resistance, if it does, enter on the breakout or wait until retest for confirmation.
One interesting thing to note is that after breaking out of the bear flag, price came back right up (a pullback) into the smaller resistance line and bear flag structure. Two resistance points acted simultaneously as strong resistance.
One interesting thing to note is that after breaking out of the bear flag, price came back right up (a pullback) into the smaller resistance line and bear flag structure. Two resistance points acted simultaneously as strong resistance.
Entry on successful breakout followed by successful throwback.