S&P 500 BEAR PENNANT

١٢ فبراير ٢٠٢٣

Assuming this is a bear pennant/distributive pattern, I am looking for a slight pull back to around 3965, before another leg of grinding higher. The 3rd and last leg higher should be slower and shallower, topping out around 4250-4310. We might see a false break out above the top of the bear flag, but we should not go above the previous lower high around 4326.