Multiple stocks and indexes had this same head and shoulders type pattern which is said to be the most likely to play out, and its also a classic M type shape topping pattern where prices rises into it, combined with rising volume and MACD divergence. Now yesterday price went back to the peak of the head and then today it confirmed a move above which now invalidates the move down, and increases the chance of an explosive move up and then crash back down. Very dangerous with the bad economic news being cheered on by wall street and the fed cutting rates next week.