Price has now filled every gap price made on the 2 hour since November:

Price hasn’t actually backtested the neckline of the potential H&S yet IMHO. Price doesn’t have to though:

I don’t think $TNX has peaked as yet:

 

ZH keeps going on about there being an inverse correlation between $TNX & $SPX presently but I

haven’t read any of the articles on the subject yet so no clue why. If that is the case and $TNX has

further to rally, then $SPX has further to fall.

 

Overall, who wants to attempt to be a hero on Friday afternoon? Better to be in cash over the

weekend IMO and forget about the market for a couple of days.