That Inverted Head and Shoulders Pattern has been gaining traction and attention over the last week or so. This morning S&P500 futures has painted the last shoulder.
Yesterday was setting up much the same as most of the sessions this month. The market was rallying hard out of the gate. The opening bell triggered a strong buying frenzy. And much like many rally attempts this month, the action turned south. Strong gains turned into losses. The market was rolling over.... again.