Previous smaller H&S was invalidated due to retest went too far up. Did some adjustments. I'm pretty sure this one will play out. I would not adjust this one again. I do believe this bubble is burst. Fed stop raising rates will not help this Stock Market(gave us short term rally), this Market is addicted to cheap money. Federal Reserve did not stop QT (they still selling bonds 50 billion a month = 600 billion a year) That means they are still raising rates (flooding the Market with excess bonds which will push rates higher and drain liquidity).
200 week MA held back in December. Either way we are going to retest it.. Stock Market won't find sustained bottom until Federal reserve cuts rates, stop QT and launch QE 4.
200 week MA held back in December. Either way we are going to retest it.. Stock Market won't find sustained bottom until Federal reserve cuts rates, stop QT and launch QE 4.