Head & Shoulders patterns are fairly reliable harbingers of downturns. The one which has been setting up on ES for the past couple of weeks promised a 100+ point plunge.
It was just now busted by none other than VIX – the algos’ favorite signal – which caused ES’ right shoulder to marginally (by 1.50 points) exceed the head. 
With the pattern now officially busted, there’s no downside risk, right? If Congress’ failure to reach a stimulus compromise and foreclosure protection doesn’t matter, then sure. No more risk.
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