Can this be the final push to 3,750? It seems like the previous all time high of 3,896 is now acting as a resistance. If this resistance holds, then we are going to witness another bear flag. This time, it will be a stronger one. Why? Notice the past few bounces. Last November to December, the index was still able to climb back to its previous high. Starting January, however, the rallies are becoming shallower and shallower. This tells me downward momentum is coming upon break of the recent low. This should bring the index to 3,750 or lower. I am ready for a break below 3,750. If the market experienced accelerations of uptrends before, I believe the market can also experience an acceleration of the downtrend. >:) I'm preparing for the worst.
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