SPX Bearish setup

19 thg 5, 2016

S&P setting up with a very clean Head&Shoulders pattern! Came off the high of 2100 very nicely and has consolidated to form the second shoulder. Price already made an attempt to break the Neck line today. Based off the range, once price closes below support we can expect of a move of roughly 60pts, which also lines up almost perfectly with 50% fib.