Grand Finale

Throughout this entire pullback I have not taken any large long positions and rightfully so as we haven't really gone anywhere. But that's about to change. Trendline B could potentially form the neckline of one ugly looking inverse head and shoulders bottoming pattern. If SPY holds higher than 104.38 then SPY could skyrocket back to highs from here.

However nothing is certain and the bottom could fall out of the stock market in the next few days as well. But specifically I am looking for a W shaped bottom higher than 104.38 to signal the end of the pullback. Also, capitulation style panic selling would help cement that this is indeed the bottom.