S&P500 Price Action Report

On the weekly chart, you can see a slanted head and shoulders pattern formed. The pattern is higher quality, and recently it failed to make a higher low. Combine that with the fear and greed index being under 25, and you've gotten a bearish market.

SPX
Bearish PatternsChart Patternshead_and_shoulderHead and ShoulderspatternpriceactionUS SPX 500Trend Analysis

Disclaimer