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S&P 500 Index

Bullflag on Equities

By Chadison-Brosevelt
Updated
Sharp rally from earlier in the day has turned into a bullflag overnight. Coupled with overbought rsi, we should see one more leg higher before a clear direction... Chinese stimulus, great earnings and strong manufacturing reports have me leaning towards more upside before a larger scale correction... I don't think the coronavirus will have a lasting impact on the market

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Trade closed manually
Nice little trade for me. I'd expect a pullback from here but would need further assessment
Chart PatternsS&P 500 (SPX500)Wave Analysis

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