Bear Flags Being Tested

The bear flag (which are usually bearish) on the S&P 500 looks concerning, but the Transportation Index and the Dow aren't confirming the flag formation.

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The bear flag on the Nasdaq is not a very good one and the index may depend on what happens to Apple. A new high tomorrrow (or later this afternoon) would make it much less likely that it is a bear flag.

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It would be nice to see that gap right below 3100 (first week of April) get filled on the NASDAQ. That would probably shake off worries about a bear flag, eh?
 
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