Kevin Green: Inverse head and shoulders pattern seen in ES, commodities reflect slowdown

Kevin Green: Inverse head and shoulders pattern seen in ES, commodities reflect slowdown
ES inverse pattern and commodity slowdown

Kevin Green highlights that an inverse head and shoulders pattern is developing on the ES daily chart, contingent on the 7345 level remaining intact.

He notes commodities are pricing in a slowdown, and adds that the upcoming quarterly expiration could renew enthusiasm in the MAG7 group after a shakeout and dispersion anomaly peak.

In a recent update, Kevin Green reported steady performance in the cattle sector and observed bearish divergence for SPX on the monthly chart. He also noted Iran's more favorable trade terms compared to western allies. Green’s commentary spans equities, commodities, and global trade conditions.

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