ProfitHarvest

[SPX] BEWARE the Ghost HEAD... Still Holding 1M H&S Structure!

Short
TVC:SPX   S&P 500 Index
It's hangin by a thread but the Right Shoulder breakout is still contained within a 1M H&S Head Fractal aka Ghost Head.

Watch yourselves out there! Conditions may just be about to get even rougher.
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Don't forget about the Futures...
www.tradingview.com/...keout-Bull-Trap-Lol/
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Back up to magenta, lets see if it breaks through or rejects, overall still pretty bearish...
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Fractals holding well...
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These new red and yellow dotted fractals are key inflection points to keep an eye on if we're going higher, otherwise you can watch it ping pong to a new low...
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Red dotted is a broader down megaphone bottom fractal that fits nicely along the top here.
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Ghost head moment of truth...
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It's trying to test the op of 1.5Y Peak Channel again, how it reacts there will make the next move more clear...
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Fractal rejected with some space and avoided the touch, typically bearish...
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Keep an eye on the iterating topping fractal inflections...
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Keeps getting stuck here, let's look out for breakthrough or rejection again...
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Tested the next dotted fractal...
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New topping fractal rejected Price today...
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Upchannel fractal held very nicely here, we're in No Man's Land, notice the gap over our red megaphone fractal, this is all lookin pretty precarious...

Data analyst with a passion for best fit lines B)
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