Un-triggered head and shoulders on the SPX. Will it trigger?S&P 500SP_DLY:SPXJuvenalGomezHey folks I'm back with another video for you all. The markets have been very emotional and confusing for many but now is not the time for those things. Lets concentrate and try to make the best decisions based on facts in the charts with probability, based on the history of chart patterns. In this video I go over the UNTRIGGERED head and shoulders pattern, I walk you through the key points like the measured move of this pattern, if it does decide to trigger where would be the target and how to play this pattern. If it triggers all you need is one candle close bellow the neckline to "trigger the pattern" and probabilities say the measured move is more likely to happen. BUT personally I wouldn't go in until it gets confirmation then on the retrace short to get the best possible entry. and if you get two consecutive body closes above the neckline then it negates the pattern and you would have to be quick to cover the position and take a loss. There is nothing to do as of now BUT just keep and eye on it! Also one more thing Keep and eye out on the parallel we cannot close bellow! So far were holding the line and there is evidence that stocks could get a bounce that's what I have personally been preparing with my portfolio. I don't think the bounce will be long lasting if we do get it. WATCH OIL and watch the OIL refinery stocks they are saying something. Can oil save this market!? Time will tell. This is not financial advice folks!