Head & Shoulder pattern observed in S&P 500 Index. Should the pattern confirm by breaching 2800 on closing basis, one can expect the index to fall towards 2645.
En route 2720 area is a visible support for shorts to be wary of.
S&P 500 index is at the verge of a flag breakout on the 15 minutes TF.
Targets are near 2570.
Wait for confirmation by the next candle, and a mostly probable retest of the resistance turned support before entering.