$SPX 1H – Bear Flag (Nov 17) $SP:SPX #SPX S&P 500SP:SPXSaandaSPX After the dump off the late-October supply zone, SPX has formed a rising parallel channel that looks like a classic bear flag on the 1H. The pole is the leg from ~6,82x into the mid-6,64x flush; the flag is now a cleaner channel anchored off the post-spike higher lows and multiple swing highs. Check 1h charts from Nov 13 and Nov 14 Price is currently riding the lower rail of the flag near 6,70x. A decisive 1H close below the channel and 6,70x would confirm a breakdown, opening room toward the 6,65x–6,64x demand zone and a potential measured-move extension. If instead we bounce and reclaim the upper rail (~6,77x–6,78x) and hold above it, the bear-flag idea weakens and this turns into a deeper mean-reversion squeeze rather than immediate continuation. #SPX