Is it a HS? RSP SPX equal weight

Jun 12

HS pattern on the making? Would confirm if neckline is broken to the downside.

Jun 17

Note

Price keeps hanging on to the neckline, 2 matchballs already saved.

Jun 20

Note

Keeps consuming time sideways. Still unable to make a short term higher high above 166. Volume keeps pilling in the area, Ichimoku cloud remains narrow, and the RSP keeps diverging from a MAG7 driven SPX. If pattern breaks to the downside, 157 level is the next stop (200 day MA & volume support)

Jul 15

Trade closed: stop reached

Stop reached. Position closed.