COMP just tagged our 11,643.40 target. Recall that it was added to our charts in January [see: Jan 10, 2022 Update] after we turned bearish on November 19.

It was a fairly precise forecast. Then……and, now.

continued for members…

As we discussed last month, there is much more downside potential now that the H&S Pattern has completed. If the channel bottom at the .618 doesn’t hold, the .786 at 8681 would be our next downside target.

Stay tuned.