[SPX] 3RD LL H&S? 2nd BEAR Pennant? Crossed Just the TIP!?

Güncellendi
This is the point I was talking about yesterday, the fact that we couldn't break and hold over the 1M Bear Pennant tip today is a pretty clear bearish rejection.

We also dipped out of that new Bear Pennant fractal real quick, no hanging around to test the structure a bit more.

This makes it now look like another 3rd lower low H&S setup for further likely downside.

Not to mention an exact rejection off our red-dotted top of Down Megaphone extension.

As I noted previously, a rejection under 3900 and especially within the DM structure would be particularly bearish and that is the case playing out now.

I've wagered a couple off the cuff Right Shoulder predictions here just for fun.

Not
It recovered the Bear Pennant overnight, lets see if it can hold...
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Not
Oh snap, this might be the LL H&S taking shape...
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Not
It's testing the last right shoulder now for a potential break or rejection...
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Not
Ah interesting, this is what's happening...
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Not
Yep lol...
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Data analyst with a passion for best fit lines B)

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