It’s a strange market as there are a multitude of head and shoulders (bearish) patterns hovering like clouds, but many OVI readings remain in positive territory.
Gold and Silver are taking a rest from their recent heroics and the major equity indices are indecisive at the moment.
As you’ll see in today’s video, we need those bearish H&S patterns to break out from their right hand shoulders to the upside in order for that bearish pattern to fail.