Weekend update...Apr1808

A parabolic upward sloping bearish channel inside another bigger upward sloping bearish channel. Daily and weekly very overbought and today is similar to Feb27, Mar24 and Apr3rd. A .38 Fib retrace will take us to 630 which is also the weekly pivot if the uptrend is to continue. The next target is 624 which is the .68 retrace and lower line of the bigger channel. It is the belief that a pull back is needed at the neckline of the inverse H&S before further advance.

2c