TheUniverse618

SPX head and shoulders with bad news

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
S&P formed a head and shoulders while bulls are overextended. So stocks had some downward momentum and then I mentioned if any bad news say the fed was Hawkish... which he was...stocks would drop.... which they have... I think this can go much lower now... If it drops below 392 I think the bull case is over.

Note:
I had posted this yesterday before the drop today but got hidden by mod as I think they thought I was using private/custom script/indicators which I clearly show this time I am not. Everything is public that I use and available in the public indicators. No private scripts have been used nor any public scrips have been modified. I just combined multiple indicators on same line using the object viewer which I believe is allowed.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.