Agree, but, if we head toward that #3 bump (even if we don't get to the top of the trend line resistance as during previous patterns, which BTW would agree with the "rounded top" theory I had on the IWM, then if they are in sync, we should see them both drop down from that resistance to a long term trend line support or the 100 MA, which would configure a "V" on your 123 bump chart expression. And the bottom of that "V" also is in the area of your retracement stated, right? IMO either way, if even if, this rise back up - it is short lived. Thanks.
From all the Buzz I've heard today, my take away is, the dip buyers missed their marks this time. Makes sense. A consensus that 195 is the magic number. I wonder though, with all the news dragging on stocks more now than in some time, accumulatively. But if we close tomorrow below 195 and it even looks like that could happen at mid day, watch out, no one will want to be long going into the weekend, and we may head lower past TGT. We will see.