Heads up. Or should I say head and shoulders up? Take a look at the hourly chart above. If the reversal pattern takes, the measured move is the head projected from the neckline. That would be 51 points from 4417 or a 4468 target.
Strong internals this morning thus far. Obviously, it is not a pattern until it takes. As always, watch for the head fake / look above and fail. But the pattern is encouraging.
A.F. Thornton