Stock Market Crashing, Gapping & Coiling Into Tight Pattern | S&P 500 Technical Analysis

In today's stock market forecast we look at S&P 500 using technical analysis on multiple time frames. We plot out areas of support, resistance, and patterns that are forming to give us a better idea as to where the stock market might be heading.

The question on everyone's mind is will the stock market crash or will it continue to rise. Unfortunately it's never that easy. We need to look at the stock market (sp500) price action everyday to determine where the price might go.

If I had to guess, the stock market is still fueled by the fed liquidity and an overabundance of new retail investors for the first time in history. I think the price wants to head higher.

However, this is a bearish pattern that is forming on the s&p 500 (bear flag). Keel in mind the context of the chart though! Its in overall bullish context with a pretty big move today from the stock market.

TIMESTAMPS:
Intro: 0:00
SP500 Daily: 01:05
SP500 30 Min: 05:16

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