Long-Term Head and Shoulders

Using the NYSE Index to look at the action of a broad sampling of stocks, we can see a 12-year Head and Shoulders plus MegaPhone formation.
A break and hold above the Green Lines would be very Bullish . . .
a break and hold below the Blue line would be very Bearish.
The lowest Green line forecasts a move to the highest Green line . . .
the Blue line break would forecast a move to the Red line.

NYSE Monthly