M pattern target

Something to keep an eye on here...

I would like to start by saying on the macro view I am still very bullish and have a target of a 80k.

Looking at the one in for our charts, it looks like we’re forming an M pattern. If it breaks the M neckline the target would be just under 58K. That would bring us to the bottom of the ascending wedge that we’ve been in for weeks now.

This would also help us Avoid a CME gap and allow for a new all-time high during the week when there will be more volume.