US EditionS&P 500 Bear Flag Breaks Down (Short-Term Caution!)
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S&P 500 Bear Flag Breaks Down (Short-Term Caution!)
The price chart of the S&P 500 Index (INDEXSP: .INX) is not bullish. In fact, it’s quite concerning right now. The break of a bearish flag price pattern while under the 200-day average likely means that this key stock market index will have another leg lower (new lows). Also, the number of stocks in the S&P 1500 with a bearish model score has increased to -74% (current) versus -53% (on 1/24/25). There are too many stocks that are technically “br…
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