If the market is more bearish here than I am expecting, it seems prudent to me to acknowledge that possibility. From a structural perspective, if $SPY has formed a head and shoulders top, I will note the measured move below us in the event that the neckline becomes overhead resistance.
Note: When my work is first published on this website, it is made available to patrons who support my work through my Patreon account. Over time (usually after a period of a few months), I make the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page.