The S&P 500
is starting to look pretty dismal on the longterm daily chart
, despite the recent relief rally. Following the curves, price is on track to go into panicked free fall sometime in June or July. But as is the chaotic nature of the seneca cliff
, It could fall a lot sooner than that. The exquisite head & shoulders
top that forms the multi year crest of this price pattern has a technical target of 1530. But H&S
reversals are known to kick off much more aggressive bear
markets than their technicals elude to; Especially when they have developed over such a considerable time frame like this one.