spx fake flag ? dont get trap

Jimmy_Rebello Updated   
CBOE_DLY:SPX   S&P 500 Index
4200 has confirmed as new base and good support for medium time frame (1h)
after the retest price followed and formed higher high and higher low
currently halting near 4400-4300 zone price seems to consolidate
many of us looking it as flag and pole and will look to buy on trend continous

as a fib retracement there is possible less probablity to gain good risk to reward on long side
rather let price retrace from 4450 - 4460 zone and look for buy on pullback
thats what we expected
price hovering near a support zone 4168 will be important if price breaks down there will be more downside opening


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