S & P has broken below 200- day MA, neckline

The S & P has broken below its 200 - day MA, followed by a break below its head-and-shoulders neckline. This is indeed the sell signal. Although the MA lines have not lined up, I think this still presents a high probability selling opportunity. I will plan the trade this way.

EP: Sell @ 860
SL: 940
TP1: 780
TP2: 620
Position size: 2 lots (20)
Potential loss: US$160 (S$240)
Potential profit: US$320 (S$480)

So, let's get set for the move downwards.