Forget the Head-and-Shoulders Pattern, Watch This Instead [View all]

[cliffside]

"Is the S&P 500 really forming a head-and-shoulders top? Instead of forcing a bearish chart pattern that doesn’t quite fit, Dave breaks down the support and resistance levels that matter most, introduces his traffic light framework for evaluating market risk, and explains why the 7340 support zone remains critical. He then steps back and assesses the bigger picture, using his Market Trend Model and market breadth. Dave shows why medium- and long-term trends remain constructive, why advance-decline lines continue making new highs, and how these three charts can provide a more reliable framework for navigating today’s choppy market environment."

JUNE 29, 2026 AT 08:06 PM

https://articles.stockcharts.com/article/forget-the-head-and-shoulders-pattern-watch-this-instead/