Looks like we JUST hit the bottom peak of a right shoulder for INVERSE HS. If the indicators are correct, we should begin headed up to 6800ish for the peak of the huge head and shoulder pattern to drive us down hard. I'll be looking for the bottom around sept 4 at around 4300 to 4750. Plan on stack buys in that area. That will also work out perfect timing for the weekly stochastic to bottom out and begin to turn up and cross probably around the 9th of sept give or take....
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Inverse HS seems to be working out so far.
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highly possible head and shoulders in the making on the daily macd
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So far on point