Bear flag

7 sept. 2018Looks like we have a bear flag forming on the 4 hour chart giving us a downside target of 5400, but I'm thinking it may only go as low as 5900 or 5800 for the next leg. The Chaikin Money Flow is also very bearish. Even more telling is how bearish the CMF is on the 3 day chart overall. It has never been this bearish. I think we can expect a downward break in the next 48 hours.