SLR Chart, page-157

Well, that's the beauty of reading charts. Much are based on individual experiences, save for the basic established rules. I didn't see that as a H&S. I saw that as a divergence and an overbought situation so I reduced my holdings, ride the downtrend channel and wait for a reversal signal to buy back.

I'm waiting for the SP to touch the ascending support line, and then make another new high. Then I will ride out the rising trend until I see a confirmation of a reversal to take profit. We could move sideways from here, negating the IH&S.