Better late than never…  ES tagged our 3862.25 a little after midnight last night and is enjoying a slight bounce……courtesy of VIX’s pullback from its SMA100. Remember, VIX’s IH&S targets north of the SMA200.

continued for members

Thanks to Friday’s bounce, we have a new, slightly larger H&S pattern to contemplate.

The bigger picture:

I had intended to post a more thorough treatise of the following this morning, but my doctor’s office just called to ask if I could come in earlier for my shoulder surgery this morning. Apparently, the person in front of me cancelled at the last second (maybe saw my surgeon out drinking last night?)

In any case, I’ll have to flesh out the rest of this post either later this evening or tomorrow, depending on how lucid I am.

Here are the charts I intend to discuss: