You had it nailed, from abcd to fake out, which got within 5 points of back test of SPX H & S neck line. Resistance @ upper SPY 5 min TL prevented it from getting all the way to SPX neck line. Lower TL has a lot of room left. https://investorshub.advfn.com/uimage/uploads/2022/2/22/jqcyuspx_02_22_22c.PNG