I notice the inverted h&s on the 30min ES chart as well. Held a retest of the cash close January highs, did the usual scary fast market type decline yesterday morning and a re-test (inv h&s) earlier this am.
All it needed was bond markets open, bought more as soon as we hit 7400, leveraged now! One day i wouldnt mind having long term investments though, I must admit this market seems very bad for long term, buying based on the fact that central banks and governments wont let it drop much.
The Dow had been down over 100 but has since recovered and is only down a fraction...Same thing over and over.
A Wile E Coyote ledge that would probably become a waterfall decline in years past. (if you are talking about the SPX/ES high from late January, the re-test yesterday and Friday and the stalling action today)