Alert

Although the target of the reverse H&S has it to 675ish. There is something disturbing. The statistical forecasted value is very close to the lower band (less than 2 points) and this is equivalent to the rising wedge scenario. The last time it happened was the week of Oct8 last year and you know what happened shortly after. It is almost topping out at 655 which is the Fib EMA 233. In other words it is rising too much too fast. Not really sure CSCO or DIS could do anything. OK today is a funny day. Early in the day it completed the 15 minutes H&S target to 645ish and powered ahead and of course again stopped at 655. Tomorrow's numbers are 657, 651 and 647. A 10 point spread, it is a wide range. Time will tell.

2c