S&P Head & Shoulders Bearish Pattern

SP:SPX   S&P 500 Index
143 5 1
Latest update on spx             4/23/2013 http://www.ew-forecast.com/newsletter/#sp_500_is_showing_a_top_formation_at_1597_based_on_elliott_w
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neckline or prior trend?
ew-forecast PRO QuantitativeExhaustion
Actually both. this chart is more clear on 4h time frame which you can access with http://www.ew-forecast.com/?aid=599 link. As SPX 4H chart is not possible on trading view it is prepared on Daily time frame.
neckline is different than prior trend. They can't be both
ew-forecast PRO QuantitativeExhaustion
you are right. http://www.ew-forecast.com/?aid=599 follow this link for detailed chart and levels
necklines are horizontal or has small slopes. Prior trends have steep ascending slopes from a bottoming price.
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