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$SPY possibly H&S forming?

Definitely need confirmation, just something I'm keeping an eye on.

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Few days early, back in line.

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Moved lower again, looking for CPI numbers 4/12 to move lower.

Still inclined to believe we see new lows for SPX in 2022.

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lil bounce from CPI, fading.

So far thesis still in tact.

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Looks over, big down IMO coming. No longer updating this idea, shot positions still open.

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We can start eyeing yellow lines now.

If Fed really starts QT and doesn't fall back on rates, look out below.

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