S&P 500 decline extends to 1%. Head and shoulders pattern emerging?
<p>It's been a one-way trade in the US stock market since the strong ISM services reading and it's continuing. Last week, I <a href="https://www.forexlive.com/technical-analysis/head-and-shoulders-starting-to-form-on-the-sp-500-20230830/" target="_blank" rel="follow">highlighted </a>the possibility of a head-and-shoulders pattern shaping up on the S&P 500 and today's drop adds to the case.</p><p>We're still a long ways from breaking the neckline but I suspect the complacency in this market could quickly turn to angst.</p>
This article was written by Adam Button at www.forexlive.com.
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