Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

Uh oh! I think I see a bear flag…

Take a look at the bear flag based on SPY hourly chart below:


The bull will need to have a good solid rally tomorrow to stop the bear flag from developing into a full-blown continuation bearish chart pattern by taking out the low of the flag.

Let’s see how tomorrow plays out.

Trade well!

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