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SPX: Good push at EOD 4/30, but…Possible H&S? Hear me out

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Good push at end of day on 4/30 at close.

Zooming out, it’s starting look like it’s forming a H&S. I’m starting to see a lot of people flipping bearish as well. But, also near close today, volume was not promising, declining at the close.

I swung short-term puts on SPY, I like SPX puts for a day trade due to this formation but this H&S can possibly out within the end of week with more data and uncertainty or the following week.

I’m short at the touch of the light red line: 5655.79 to the downside.
Gaps below 5354.76, 5206.44

Would say by EOW to next week, if we pull back, may form/complete the right shoulder.
Do your DD!

Let me know your thoughts! #NFA

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