Classic symmetrical shoulder retracement from Sept 18th rising from 1484 to 1536, back to current 1497 shows potential to consolidate in mid-upper 1480s first of Oct.
.5 fib from h/s formation would support at 1478. Further solid breakdown below mid 1480s shows a drop to 1450 range could develop rapidly over the following week, with a potential break below to...
Looks like a potential head and shoulder forming with good symmetry on the right should being set up for a Monday opening in the current 1424-6 range. Only question is the giant head divot that looks pretty mean. Shoulders and pits aligned with yellow trend lines.
If the hourly trend starts falling down the right shoulder Monday or Tuesday it could be a pretty...
