It seems as if the Futures for the S&P 500 on the 240 min chart has completed a Head & Shoulders pattern with testing the neckline twice already. The projected target down is around 4140, and bearing in mind the monthly #SPX chart where technical indicators are hugely overbought (e.g. MACD, but just turned south), all these together in my view point to the start of a significant downturn.
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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.