Spoiler: it's already and inverse head and shoulder.
rngdtg
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@stein3d, I disagree since neckline on head and shoulders are confirmed after the right shoulder is formed, in this case we did not. it was just resistance getting broken and a failed bearish pattern
@stein3d, already busted, pattern not to my liking now
SemperTrader
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I think if that drop comes, it'll cause panic selling once it reaches near the bottom and we might go down lower into the 3500s due to the current market conditions.
rngdtg
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@dhryan44, looks like I was wrong
SemperTrader
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@rngdtg, happens. Hopefully you took a good stop loss. There isn't a lot of conviction in this up move in my opinion.