COVID-19 Resurgence Scare - Bearish Flag Forming On 4h Chart!

$SPY looking weak and with COVID-19 resurging and fears of future lockdowns. I think this calls for a pullback. This week all the way into next week.

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Ended up doing what I thought it would do besides the unexpected short squeeze from 6/25 EOD. Bulls ended up giving up 300 today but I expect the Bulls to be back to put in a fight beginning of next week to end the quarter. We'll see how this plays out.