S&P 500: Head and Shoulders Patterns Forming?

Technical analyst Jason Sen discusses potential head and shoulders patterns forming in the S&P 500 and Nasdaq futures. The S&P 500 reached 7465 before collapsing to 7411, with expectations of consolidation between 7350/7330 and 7520/7530. The Nasdaq recovered above 29100/29000 support levels, with potential further losses to 27950/900 if support breaks.