i had planned on doing a video or two over the weekend but got wrapped up in some projects, spent father’s day with my family and stayed off the computer all weekend. here’s a spin on that potential IHS pattern on the SPX. actually, this is a 1-hour chart of the SPX futures, on which i believe that an up-sloping neckline makes a better fit. if that pattern is valid, then prices just turned down after tagging that neckline tonight, thereby fully completing the right shoulder. please forgive the hand-drawn letters and basic chart as i’m working off my laptop as i just wanted to check the futures quickly before turning in. i will follow up with some additional charts and commentary tomorrow. have a nice evening and happy father’s day to all you dad’s out there.
