Bears vs. Bulls

There is a big battle going on at the larger trendlines. The SPX upper flag trendline and a potential right shoulder area are giving the bulls a very tough time.

As for the Head and Shoulders pattern, price wise we are at the left shoulder levels exactly, time wise we did exceed the perfect spot, though still in an acceptable range. Bear will need to take control shortly if they are to overcome the bulls and keep this pattern alive. A break below 1122 ish on the SPX will give the bears a hope in my opinion.

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