If you want to see a day where technical patterns repeatedly breakdown and fail, then today is your day. It's been a while since I've seen breakdowns bounce hard into their range right after the break, or the same with break outs. These are false breakouts and breakdowns and they snare even the most experienced technicians. The only way to protect yourself is to recognize that a pattern is failing and get out.

Around 11:20AM, we broke out but formed a slight head-and-shoulders and broke down at around 12:10PM, but rallied back up to break out from a small consolidation zone. Then, we failed to follow through and we broke down at around 1:40PM but found near-term secondary support at 860 and rallied back into consolidation to breakout one more time at around 2:10PM. We formed a flag which bounced off of initial support and broke out, turning parabolic intra-day...only to fail again and create the massive neutral trading range. In the last 10 minutes, we happened to slightly breakdown to this range.