Equities will likely remain choppy into next week. The blue H&S pattern is a textbook head and shoulders with head at 1710, neck line at 1685 (look how it took price one month to break down through the strong 1685 support), targets 1660, bingo, price bounces from this level once the H&S is satisfied. The H&S has two right shoulders so we can call it the Quasimodo H&S pattern (Hunchback of Notre Dame). The brown H&S is now in play which establishes a neck line at 1676 in line with the July low. Thus, head at 1710, neck at 1676, targets 1642 another 20 handles lower. The 1685 support was so important that price will need to back test this level out of respect at some point forward. The 2-hour, 1-hour and 30-minute charts hint that a bottom should be placed this morning followed by a dead-cat bounce, and next week the market weakness should return due to the weak daily chart. Watch the 8/34 cross. Bulls got nothing until the create a positive 8/34 cross. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.