S&P 500, Head & Shoulders Top?

11:40 a.m., EST

Potential Head & Shoulders

The hourly chart above shows the potential.

A pull-back to the hourly low (434.07), gives additional confirmation to the nascent reversal.

In the biotech sector, SPBIO is currently pulling away from the 38% retrace discussed yesterday (LABD higher).

Stay Tuned

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

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