BULL FLAG

SPX futures made a new overnight low but the picture on the 15min chart below reminds me of a bull flag, break-out target ~1350. If SPX breaks down below ~1305, be careful on the long side since bulls are then losing grip.

One thing though that should also be mentioned, yesterday gap up and +-0 close is perhaps not the most bullish scenario that should have happened and intraday was a tad volatile but let’s see what next..