Good afternoon, traders.
The S&P 500 has managed to squeeze itself back to retest the broken primary channel from beneath, in something that’s not quite a bear flag with nice parallel rails, but rather sort of an expanding consolidation:
This is still “bear flag-like.” My thoughts from yesterday remain unchanged at this time.
I have a couple of comments, and no significant updates to a count:
Alright, that’s what I’ve got. I apologize for trying to be patient at the lows (that’s the weirdest thing I’ve had to try to say in a while). I think the bears are in good shape. I don’t see anything they shouldn’t be pleased with here. I hope everyone has a lovely evening, and I will see you tomorrow.