Critical moment here. Wave's plan involve buyers at this level, they better show up fast and defend 60. Then big time rally on its way. Otherwise, 846 today is not out of the question.
Bears are having a hard time to take the mkt lower. Certain tricks must be used to scare the bulls away. Or, force them to puke their positions unexpectedly Edit: Check with Vol on H&S ... somehow his target area matched the chart pattern I see, not comfortable with that.
There should be a support near 853. Right shoulder? H&S? Sorry, but I don't see it. Care to post a chart?