Check Bear-flag thesis from Nov 17 played out cleanly. We got the rising parallel channel after the late-Oct dump, then a decisive 1H breakdown + failure retest on Nov 20 — classic continuation, not a fakeout. Since then, structure is still bearish (lower highs/lows), and today’s candles are impulsive enough to treat bounces as corrective until proven otherwise.
Key levels: (For Macro Check daily and weekly charts as well.)
• Overhead 1H supply / retest area sits ~6600–6620 (from the Nov 20 breakdown). Price is NOT there yet — we’re ~654x. If we mean-revert into this zone and stall, it’s a high-quality short-reaction area.
• Near-term resistance ~6640–6670 (prior base). Bulls need a reclaim + hold here to even argue structure shift.
• Current lows ~6540s are extension territory — expect bounce attempts, but one green candle doesn’t equal reversal unless we break/hold a 1H lower high.
Bias: bearish under 6600–6620. Watching for either (a) corrective bounce into supply to sell, or (b) true structure reclaim above 6640–6670 to invalidate. #SPX #SP500 #BearFlag #SupplyDemand
SPX SPX
Key levels: (For Macro Check daily and weekly charts as well.)
• Overhead 1H supply / retest area sits ~6600–6620 (from the Nov 20 breakdown). Price is NOT there yet — we’re ~654x. If we mean-revert into this zone and stall, it’s a high-quality short-reaction area.
• Near-term resistance ~6640–6670 (prior base). Bulls need a reclaim + hold here to even argue structure shift.
• Current lows ~6540s are extension territory — expect bounce attempts, but one green candle doesn’t equal reversal unless we break/hold a 1H lower high.
Bias: bearish under 6600–6620. Watching for either (a) corrective bounce into supply to sell, or (b) true structure reclaim above 6640–6670 to invalidate. #SPX #SP500 #BearFlag #SupplyDemand
SPX SPX 
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.