14 Nov 2014 - Head & Shoulders

One can see the H&S on a 60min time frame.  Therefore on a 60min basis, my target is SPX 2020 (Corrective Target).  We would need to confirm a break of the neckline before considering a H&S a strong success. Due to my indicators not having any urgency in approaching any move lower, I can only speculate that any push lower is just a correction.  Of course the ST has not changed its stance as well.  The rally as we expected from the last few days is waning and even though it can make a higher high, prices are exhausted, and it's evident of a curving / rounding price pattern.

MT: UP
ST: UP
PA: NA