« A Couple of Potential H&S patterns on the S&P-500 Hourly Chart »

There are a couple of subtle developments on the hourly chart of the S&P-500. While everything looks fine on price action itself, a head & shoulders formation is showing up on each of RSI and MACD. Now, until/unless the neckline of each of the patterns (see chart below) is actually broken, the uptrend should remain intact. But if the patterns complete themselves, you may be witnessing the first sell signals of a potential bearish reversal on at least the minor trend.

S&P-500 Hourly Chart Showing Head & Shoulders formations on RSI and MACD