$RSP Higher Low or Head & Shoulders?

Updated
RSP is very interesting here and I have started a full-size position as I can easily define my risk with a stop just under the most recent daily low.
See chart for notations. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Note
RSP Looks like support held. It's not making a lot of progress but I'm back in the green and didn't get stopped by only 20 cents.
snapshot
Chart PatternsTechnical IndicatorsQQQSPDR S&P 500 ETF (SPY) Trend Analysis

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