The inverted H&S crowd is out in force. If one considers the pattern from the 3500 low to present price levels as the patterns’ range, then the target is simply 3800+300=4100, which is a level that bulls were chattering about a week or more ago. I’m not so sure, particularly since the pattern is messy and also based on the lunatic action of October 13th. I think ~3900, a target I suggested in recent days, is a more sensible exhaustion point, as circled below. We shall soon see………
