SPX head and shoulders with bad news

S&P formed a head and shoulders while bulls are overextended. So stocks had some downward momentum and then I mentioned if any bad news say the fed was Hawkish... which he was...stocks would drop.... which they have... I think this can go much lower now... If it drops below 392 I think the bull case is over.

Note:
I had posted this yesterday before the drop today but got hidden by mod as I think they thought I was using private/custom script/indicators which I clearly show this time I am not. Everything is public that I use and available in the public indicators. No private scripts have been used nor any public scrips have been modified. I just combined multiple indicators on same line using the object viewer which I believe is allowed.