Head and Shoulder...continued

Hi all

Looks like the head and shoulders pattern is continuing to my target level of 3770. we bounced nicely off the 3660 level and heading higher.

we have also re-entered the up-ward channel from mid-march. whether or not we can head to the top of this channel is questionable and i believe highly unlikely but not impossible. That would then change the scenario and it would be a failed head and shoulders pattern.

i believe this will not happen and we will first retrace back to the 3540 level and then the 3450 level (50%).

Side Note; options expiry today looks like it maybe playing some tricks, so expect the unexpected (JD)

safe trading.