5500 = Speculative H&S Target (Chart 2) = gap fill (Chart 2) = Monthly SMA 50 (Chart 4) = Backtest of top rail of channel (Chart 5) = EMA 20 (Chart 6)

 

If this target were hit, it wouldn’t even hit the first Fib retracement level out of the 2009 rally, which is ~ 5140, even though financial MSM would

no doubt be screaming, “It’s the end of the world, the Fed has to intervene!!”