$spy setting up a Bear Flag for April ‘23

Looking at the recent price action on SPY shows us a clear bear flag in formation. There was no break out of the channel yet and the momentum has shift upwards so we will likely see a short term upward price movement first for the week of Mar 27 before we see downward momentum, subject to a catalyst (likely Core PCI numbers and the end of March).

Cheers!
Bearish PatternsBearish FlagbearmarketChart PatternsSPDR S&P 500 ETF (SPY) Trend Analysis

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