$SPX 1H – Bear Flag at Supply | Bearish- STRICT DAY TRADE IDEA

STRICT DAY TRADE IDEA (Applies only for hourly chart for short term day trades within 1 to 2 days)

SPX is sitting inside a rising 1H channel that continues to behave more like a bear flag than a bullish breakout setup. Price tapped only the bottom edge of the 10/29 ATH supply zone—not the core of the zone—showing early seller absorption.
We also tagged the mid-channel, which normally signals momentum weakening rather than expansion.

Check Bear-flag thesis from Nov 17 and Nov 21 and Dec 2

As long as SPX remains inside this structure, the bias stays bearish for day trading.
Break of 6,840 opens the door to a channel breakdown, with intraday targets at 6,810 → 6,780 → 6,740.
Upside invalidation is clean: bulls must break above 6,885–6,900 with strength and reclaim the ATH zone from inside, not just touch it.

Until that happens, rallies into channel mid or top = short opportunities.

Bearish Bias | Watch 6,840 | Bear Flag Until Proven Otherwise

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