looking at the week ahead

We have a Head&Shoulder formation that everyone is talking about this week, but I think that we can have a surprise, and a Double-Bottom could play out. We had four closes under the neck line so far, but looking back on the chart, for your reference below November 2011, showing similar situation and you can see how it played out. We are going to have a resolution soon, move out of a trading range, but for now take things one day at a time, and be ready to take the opportunity of surprise if it presents itself.

empower yourself

 At his famous Stanford graduation talk Steve Jobs said, "Remembering that I'll be dead soon is the most important tool that I've ever encountered to help me make the big choices in life. Because almost everything - all external expectations, all pride, all fear of embarrassment or failure - these things just fall away in the face of death, leaving only what is truly important. Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart."

S&Ps after the pit session close on Monday

Trading range.
Although a big picture top appears to remain in place, I'd
still avoid making any big picture decisions. As usual, take things
one day at a time.

Monthly view.

ES trading below last month low 1352.50, after seven month having higher lows. It is an important area, if price accepted,  it changes the market monthly one-time framing auction. Therefore, until there is convincing upward movement back above April's low 1352.50 the downside correction is in place.