If head and shoulders do not break my prediction is around 3k and possibly more. If H&S does break we are looking at 1800 or less. More bullish indicators then bearish yet the H&S could be worrying. I expect if the H&S does not break we will see a bounce from the Ichimoku cloud/purple trend line we can see here. We are still above the cloud and riding the SMA. Making higher lows and the market has hit key fib support levels.
GAME PLAN:
Enter Long now with SL on the H&S break, ride it out till 3k.
Enter short on the H&s break, ride it out till 1800
GAME PLAN:
Enter Long now with SL on the H&S break, ride it out till 3k.
Enter short on the H&s break, ride it out till 1800
Comment:
btw in case you missed it, we went right to where i said ;)