S&P futures daily chart reviewThe very basic structure of price action is Spike, Pullback and Channel, final flag, double top and reverse to test the start of the channel. I would expect a minor reversal soon, since the market is so badly oversold, but there will be sellers above and a second leg will take the market to target. The lower probability event is a continued move straight to target. IN either case, the bull case is being badly damaged, and may lead to a 2022 multi-leg selloff.
For the first time since 2022, the trade is bearish, and bears are making money.