One of the pet peeves I've got in a veritable zoo of them is the badly-drawn head and shoulders pattern. They are everywhere. It seems that people have great difficulty with this very simple pattern, since they "cheat" drawing them in an almost Picasso-like way.
At the risk of doing the same, I offer this minute bar chart of the /ES:
I do not like hte fact that the left shoulder isnt' fully in contact with the neckline. All the same, this kind of move woudl provide just the kind of heeby-jeebies the market would need to release what's left of the bullish mini-mania and allow us to move higher on better terms. My money is on a move down.
