Will SPX form a bearish M?

Will SPX form a bearish M (or HS)?

I haven't seen a chart like this on other sites, just another scenario idea. Not sure this will play out, though I did call the W formation that started the July rally. This M formation is not nearly as clear as that W though. SPX can make a new high around 1053 or DOW 9700 and still form this. In time, the M formation could plunge the SPX to 939.51, 916, or 877.93. Instead of an M, could form a Head Shoulders pattern.

Below chart shows juxtaposition of the BIG bullish W vs the smaller more recent M. The W points upward to 1120 or 1230.

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