S&P 500 12/03/2009 - Possibilities

S&P 500 had a Head and Shoulders pattern formation with a steep neckline.
Possibilities: Currently we can see retracement happening as the prices move back towards the neckline. The measured target price is 772, there will be some resistance around 743 though.




This is just the possibility looking at the chart pattern. The ultimate formation could turn out to be completely different too.