S+P 500 ( Both Cash and Futures) Rolled Over in Chart Pattern on 7/27
to form the Head, of a potential Bearish Head and Shoulders Reversal Pattern.
Another Rally back up to/but not exceeding ES 2837.50,
would put the right shoulder on the bearish pattern, and a Decline Below ES 2792.50 would confirm the Reversal.
That would also confirm last weeks high in SPX at 2848.03 as a Secondary Top,.... Below the All Time High of 2872.87
61 % Bulls in latest Sentiment from Market Vane ( Followed Weekly by Market Analysts,
including Trading View Writer Mark Rivest) shows a High Degree of Market Complacency.
7/27/18 SPX Close 2818.82
THE_UNWIND
to form the Head, of a potential Bearish Head and Shoulders Reversal Pattern.
Another Rally back up to/but not exceeding ES 2837.50,
would put the right shoulder on the bearish pattern, and a Decline Below ES 2792.50 would confirm the Reversal.
That would also confirm last weeks high in SPX at 2848.03 as a Secondary Top,.... Below the All Time High of 2872.87
61 % Bulls in latest Sentiment from Market Vane ( Followed Weekly by Market Analysts,
including Trading View Writer Mark Rivest) shows a High Degree of Market Complacency.
7/27/18 SPX Close 2818.82
THE_UNWIND