SPY - Eventual break to the downside?

29 Mar 2022

-There's a non-textbook-looking head and shoulders possibly forming.
-There's hidden bearish divergence showing up, which signals a potential continuation of the current downtrend.
-Overall, price is still inside the main ascending channel that has been in place on my chart since the COVID pullback.
-I'm bearish, and I've showed a measured move to the downside if the H&S completes and price falls out of the upward channel we're currently in.

Have fun and be safe.