The Grey is an estimate of where a Right Shoulder's High would form if the pattern were to complete.
If the Right Shoulder proceeds to form a top in the 199.00 - 202.00 Level I will look to go Short.
The Target being the 150.00 Level which is the distance from the Head (H) to the Neckline projected below the Neckline.
However I am skeptical about the where the Bottoms at the Neckline have more than the Left Shoulder (S) High and Head (H) High. On top of this the unpredictable nature of an Interest Rate Hike.
Watching over the coming Weeks.