That was a perfect inverse h&s today good for 30 ES points easy

If you trade on an inverse h and s pattern, you are a big loser.
Look at daily chart, on 4/6, 4/22, 5/9, 5/19, they were all inverse h and s patterns before they got punched through.So you lose 4 and win 1.

 

Check 10 year note , Japan yen and euro/usd , they are the reason equity has been dragged down.

 

And USDJPY is up this morning 1.05% atm

 

A good trader uses the actual candle shapes + indicator/other gauge of the short term trend in addition to the patterns, so they would not be blindly taking H/S patterns. I think the ones who try it blindly and obviously fail with that method are the same ones who come to forums and say "technical analysis is bullshit!"

 

"That was a perfect inverse h&s today good for 30 ES"
Not too shabby...

 

The first 15 minutes RTH will typically show you if there's going to be a trend from the open or broader 2-sided trading in the MES.

 

Today morning it was not.
It was a seesaw with in two hours from 9:30 AM.
It was after 12:00 it showed the real direction.

 

Yup.

RTH opening price support broke for the last time and $SXP Up/Down volume ratio confirmed:-

 

classic triple top reversal. Good for 40 ES, so far

 

My chart work assigned a 95% probability that we would reverse today.

Guess I was right,