Looking at the 4 hour chart - could be an inverse head and shoulders forming with the neckline around the 590 mark.
If this pattern plays out, it could have a theoretical target near the realm of 800 - 830.
Keep an eye on the current breakout from the consolidation channel which seems to have strong volume supporting it. This could also push us up to the cup and handle target others have mentioned around 650.
have fun out there - this is not trading advice - keep your money in that 401k you've worked so hard to build :)
If this pattern plays out, it could have a theoretical target near the realm of 800 - 830.
Keep an eye on the current breakout from the consolidation channel which seems to have strong volume supporting it. This could also push us up to the cup and handle target others have mentioned around 650.
have fun out there - this is not trading advice - keep your money in that 401k you've worked so hard to build :)
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