Most of the miserable history of the SP is told by the above chart but here a resumé:
A symmetrical SHS
Fib time zone adds to the overall picture of bearishness.
Shoulder, Head & Shoulder fits well with fib time zone and the cycle.
from top and the 61.8 retrace ending up in fib zone time 5
Neckline at the 2,070 handle.
Price wil until breakdown possibly bounce as a dead cat within the 61.8 retrace of top and the neckline.
As I stated in one of my other charts.. Keep on being as long as bulls are breathing... I see that will come to and end within the next month. Fib zone time and cycles suggest in the 2nd week of juli
Trade what you see...best to your trading!
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