Update: Bear Flag almost at 930 level, might see a bounce here
I mention the bearish patterns Friday the SPX was forming a bearish pennant, which failed because of nothing but someone pushing the market up. See this from Zero Hedge.
I still see the same bearish pattern on SPX, right now we have a Bear Flag. Which looks like we will either open at the bottom of that flag or below it. If this flag breaks it should send SPX to the 930 level, where it may bounce. It will be important to read the internals today to see if 930 can be broken. Here is the live chart to follow along at home
