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Joined Sep 17, 2020
chartpattern
indicator
sp500index
spx500
trendanalysis
waveanalysis
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Bull Flag pattern showing. If price doesn't reach the bottom trend line and bounces off of Support (green box), then a breakout upwards is likely. If price doesn't respect the Support area, then flag pattern may continue its downward push.
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Wedge is forming, so a breakout with retest may show sometime during the London session
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There's a clear divergence on the TDI, which gives cred to the Elliot Wave possibly being in the 5th wave. Also, price is hitting an area of resistance. It looks like it broke through, but could be a liquidity grab.
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