Pattern violation

Was expecting a 10 point move to the downside and it turned out a 10 point move to the upside. Crazy market which turns on a dime. Lucky all shorts were closed out at s1 635ish this morning with small gains and reshorted at EOD and closed out by the close. Let's talk about what is going to happen here. First, tomorrow's numbers are 649, 642 and 636. Upon more reflection, the move up today could have been forecasted. As in the chart posted today, there was a slightly downward sloping bullish channel and it is only a matter of time that it would break out to the the upside especially when the medium term uptrend is still intact. The market is looking for any excuse to rally. Now normally inside a channel it cooks up to 5 waves and breaks out. But it has to retest where it broke out from. It normally conforms to Fib ratio. After the retest, expect wave 3 to shoot up. This is in anticipation of the well talked about inverse H$S. Today is very much like Sept 17/18 last year.

2c