We hit the double top yesterday and all that is left is one small pullback today before we go into a sideways choppy basing mode until the FOMC next Wednesday. From there I expect to see a big breakout to run up a 100 or more points over the current all time high. As for the pullback I don't think we are going to see much more then a retest of the 12/26 prior high... maybe down to the 1/6 prior high, but I'm not holding my breath on it. If we see it I think it will be a fast move and not last long. Basically I'm looking for a similar move between now and the FOMC as we had back from 11/11/24 to 11/14, but I don't think we drop hard after the move like back then but instead we flip that 11/14 to 11/15 into an up move into the end of this month, starting after the FOMC.
Have a blessed day.
