I assume you are referring to the move off Friday’s low as the flag & if so, the “flag” seems a bit too large in relation to the flagpole, or the move down off the highs into that low, to be considered a bear flag IMO. I would put a higher emphasis on watching some of the near-term uptrend lines (so far today, a new one may be forming off Friday’s low connected to Tuesday’s & today’s lows) as well as that previous reaction from Tuesday’s low. If that previous low get taken out, that will call into question the near-term uptrend off Friday’s low.

I’ve covered that (long-term funds, 401k money, etc..) quite a bit in recent videos via my long-term trend indicators on the weekly & monthly time frames & will continue to do so, especially at times like this when those long-term trend indicators are at risk of flipping from bullish to bearish. As of now, most of my longer-term trend indicators remain bullish with the intermediate-term trend bearish & the very near-term trend bullish.

When volatility explodes higher like this, it will make you second guess your positioning on a near-daily basis. Best thing to do (other than stand aside, if not sure what to do) is to have a trading plan for each trade (what you are going to buy or short, why you are going to buy/sell it, how much $ are you going to put into the trade, where are you going to enter the trade, where do you plan to exit if right AND wrong, etc..) & then stick with that trading plan unless something very compelling in the charts convinces you otherwise.
Don’t let the news headlines or any talking heads sway you & don’t put too much of a weighting on a big 3%+ daily rally or drop in the market UNLESS it clearly has technical significant (e.g.- a key support or resistance breakout). I think where most retail traders fail is not have a clearly defined plan for each trade and/or not sticking with that plan if they do, as they 2nd guess every move against their position.

At this point, if they even get close to that stop again, they’ll probably take it out. QQQ & SPY made a second test & failure at key resistance + the 50% Fibs this week so my guess is that if they run back up to make a third test of those levels soon, they’ll pop them & run higher.
As of now, the short trade looks ok but certainly needs some more work as the near-term uptrend since the 2/28 low is still bullish.

Looks as if another swing, but the hardest thing I am dealing with is the huge moves in the after hours trading . I feel this is where the big money is manipulating and taking the big money away from people like us. I guess the only way to deal with that is to trade futures but you still have the big money that gaps the price. Go figure????

This.

Powell is just a weakling. Terrible communication skills and no spine. He will cut rates all the way down to 0% if the markets, POTUS or Ronald McDonald put on the slightest amount of pressure on him.
Powell and Trump act like most political leaders these days: Kicking the can down the road as long as possible so that the next major downturn/recession will be the problem of the their successors to deal with.

The cut could be not data driven, but president driven. POTUS has been clearly trying to tell everyone the virus is no big deal, so stop selling in the market. The giant red candle got worse, so he called up Powell and begged for a cut is my speculative guess.

Any chance you might cover long term trades, like 401K money, in the future? I moved all my equity exposure to cash about 2 weeks ago when the Yen took a big dive and we had big bearish divergence on that high. Still holding bonds and gold about 40% together. Was just curious if there might be a long term position that might be worth looking at because I hate to have all that cash just sitting there.

This would be great timing if it were thinking to throw itself off a cliff and plummet.