SPX has broken above the "neckline" of 1040 (although on lower volume) negating the possible Head & Shoulders. Medium-term trend is still down & the short-term outlook is neutral, unless we break back below 1040. The asian indices have not come close to forming a H&S thus far.
Overbought in the very short-term, lots of resistance levels to the upside at 1060-1070, then 1090-1105(or where the upper trendline is). 1040 is now support.
A sustained break above the upper trendline will be bullish medium-term. We could've completed an A-B-C of a larger corrective pattern(or still nesting for a big impulse down), we will find out soon enough. All the best!
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