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The SPX H&S Top Continues to Develop

May 13, 2016

An early rally was halted, as many big NASDAQ stocks like AAPL, GOOGL, and NFLX reversed sharply to the downside. A late afternoon oversold bounce brought the SPX to nearly unchanged levels. With the continued weakness in the DJT, many chart watchers are on the lookout to see if the SPX can finally break down from its daily H&S topping pattern.