ES Bear Flag and Hourly Chart

• The Gap Down Opening took price below 50 Hour moving average. But price did not test 200 Hour moving average.
• Large correction may happen only if price stays below 200 Hour moving average.
• 15 Minutes chart shows a bearish flag pattern. This one can go both ways an upper breakout may fill the remaining Gap and downside break may give 1323 level again.
• S&P 500 WEEKEND UPDATE