S&P 500 Bearish Head and Shoulder Patterns Forming

2016年5月12日

I am seeing a possible head and shoulders pattern forming on S&P 500 daily chart. The left shoulder and the head have been completed. A right shoulder is also showing. The pattern will be completed when the price drops below the neckline around 2044. Head and Shoulder patterns are considered as a major reversal sign. S&P 500 looks bearish.