Indices searching for support intraday as many eyes are on the bearish "head and shoulder"

There are so many eyes on the possibility of a bearish "head and shoulders" pattern but it almost seems to be taking a very long time for that pattern to materialize. Granted, it may not ... but it seems more likely than not. At the right, I did mark a potential temporary support line in the Dow Transports, but I do not think it is a valid trendline that should provide more than temporary support. It can be a price channel to keep in mind in watching the transports index price. The transports, like many other indices, is below moving average support and also testing toward its lower Bollinger Bands. That may take it underneath the lower line I marked, which will be an early signal of breaking the head and shoulders neckline in this index.