9 May 2016 - Head, Shoulders, Knees and Toes

Seems the SPX is making a H&S pattern up here but can't really confirm until the neckline is broken at 2040 or so level.  So will we get some price action down to the knees and toes?  The ST is OS so there is still risk of acceleration down which would be in sync with a possible reset at todays high confirmed tomorrow if the intra-charts can get out of the OB range and start pushing down.

SEN: Bullish (Down-Trending May 5th)
ST: DOWN
PA: DOWN
R: May 3 Downside Bias (Reset trigger possible tomorrow to Downside).