The market is at support, there is nothing but cash on the sidelines, and we are in an uptrend. There is perfect H&S which is being talked about on CNBC. This is a bear trap. Odds are the market turns higher. Notice I said odds. Everything is about chance and not about finding some method of trying to predict the market (elliot wave TA ect).
Those methods are usefull only in predicting what the avg shmuck may or may not do next.
The only way you get a statistical edge in the market is by doing the opposite of the avg shmuck. To do this obviously you must have first been an avg shmuck, so you must have chased moves on hope and finally bought right at resistance then hoped all the way down finally selling at support. You must remember all of those mistakes and think of people making them while you are watching the market and execute quickly the opposite trade.

Try this: when everyone on this board seems like they are bearish go long. when they are hurting and yet still hopefull that the next pullback is going to be the start of the next leg down hold tight. When they finally cover and go long — SELL!

You are trading against average market participants on balance. You gain edge by not making the same mistakes they do. You should well know what those mistakes are becuase we all have made them. Count on nothing except that people will continue to make those same mistakes and lose money.