*I have partially added the H/S scenario that some of you are seeking. In any case, the downside target would be pretty close to what I was originally looking for.
So, we're set for opening declines, and now its a case of whether its just another tease before a scary break >2075, or if we fall to somewhere in the 2020/00 zone.
A 50/60pt drop between now and the Friday close might seem a lot, but we've seen it occur a hundred or so times across the past few years.
Update from Mr C.
The issue of increasing volatility/swings is indeed likely the case.
If it is a H/S formation...
.. the target would be the 1600/1500s. Specifically, by definition (2116-1810: 306) 1810-306: 1504
.. and 1504 from yesterday's closing level of 2066... is -27.2%.
*sp'1504 would equate to the Dow 13000/12500 zone*
Its something to reflect upon.. at least for a few minutes.
Have a good Thursday