TradeWize · free chart read

^GSPC is bouncing inside a bear flag with no clear trend inside a daily uptrend. The bounce is on thin volume. 7693.73 ends the flag, 7659.87 resumes the fall.

^GSPC · 1H · read on 2026-09-02 · Still forming.

What the read found

Trend: a series of higher highs and higher lows over the window, 4 steps across 43 bars — and that run is OVER: price closed below the last higher low 21 bars ago. Do not describe it as a trend that is still running.
Formation: bear flag — Still forming.
Decides above: 7693.73 (the bear flag)
Decides below: 7659.87 (the bear flag)
Resistance: 7813.35
Support: 7638.59
Level history: The last two times price reached 7813.35 it held once, bouncing 0.7%.
Level history: The last three times price reached 7638.59 it held every time, bouncing 0.6% on average.

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Every figure on this page was computed from the real candles up to 2026-09-02. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns