30-minute Head & Shoulders Pattern confirmed as foretold

Original Thesis:

spx 30 minute chart

The Result:

spx-30-minute chart after

 

Quick Glance at the Market Heat Map and Industries 

heat map

Notables:

  • The market got scorched…literally
  • Consumer Goods had no survivors
  • some pockets of strength in materials…surprisingly. 

Be sure to check out my latest swing trades and overall past performance

 

SharePlanner Market Compass:

Stock-Market-Compass-Pullback

Yeeeeuuup! New lower low in place. short-term, but may just be a higher-low from a longer-term perspective. 

And of course…the RIDICULOUS!

I literally thought this was an SNL skit when I first saw it…hilarious…at the 1:52 mark, make sure you don’t have any food in your mouth. 

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