US Markets EOD Analysis

Though we have had three days of gains in the market and stocs have given a buy as well, low volumes are a question mark. Similar obeservations for the daily chart of SP500 as well. The trading range stays and will eat up lots of stop losses. 

On weekly for both the indices - Bear Flag is still developing with high probablity of breaking down since volume is contracting and we are in a downtrend.

Conclusion - Wait for bear flag to break down to take short positions.