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H&S pattern developing

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Indeks S&P 500 (OANDA:SPX500USD)  
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OANDA:SPX500USD   Indeks S&P 500
Chart Patterns hs SPDR S&P 500 ETF (SPY)
13
3
chartpattern hs spy
Seeing H&S developing and it should play like that given the situation BUT we have a wildcard - namely the FED.
And them saying they are ready to buy ETFs to prop the market, I am not sure it will play out this way
Komentar:
A thing to watch here would be a divergence on the right shoulder bounce. The strength of the divergence may give us a hint on how deep the right shoulder correction would go
Komentar:
We had a nice trade today from rejection of the 2887 down to 2855. Looking for continuation to 2830 after consolidation in the 2855 area
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