To avoid redundancy of the 30-minute SPY chart, second below, which still shows a head and shoulders bearish top competing against an inverse head and shoulders bottom, also note the 10-minute chart of the ETF for the Russell 2000 Index, first below. Here, the small caps cleared some short-term resistance today.
But bulls must now hold above the $90.60 level, since the pattern going back several weeks has been lower highs and lower lows.
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