$SPY possibly H&S forming?

Definitely need confirmation, just something I'm keeping an eye on.

Kommentera:

Few days early, back in line.

Kommentera:

Moved lower again, looking for CPI numbers 4/12 to move lower.

Still inclined to believe we see new lows for SPX in 2022.

Kommentera:

lil bounce from CPI, fading.

So far thesis still in tact.

Kommentera:

Looks over, big down IMO coming. No longer updating this idea, shot positions still open.

Kommentera:

We can start eyeing yellow lines now.

If Fed really starts QT and doesn't fall back on rates, look out below.