Have this smiling inverse Head & Shoulders staring back at me on the daily chart. Okay, I'm going to have to ask you to stop looking at me now, kinda freakin' me out... Interesting that it is nearly a perfect pattern, including the professional bar right down on the head. Conventional wisdom would say that a run through 2820 would complete the pattern and it sure seems likely. I don't trade the long term patterns like this in my day trading but in some of the longer term investments... Not sure why this is called a head and shoulders, looks more like a Praying Mantis to me... Anyway, the 2700 is key support, much penetration and holding down there would break the pattern and probably cause an acceleration down as capitulation occurs. Again, we trade what we see, not what we predict (okay, not quite right, I know) but I'm going to trade it until it tells me otherwise...
An additional observation, notice how the 2700 level is a line in the sand as indicated by the EEdgeTrend, there's exhaustion on the previous pulse and divergence on the "head" of EEdgeVolume. We've already mentioned the pro bar on EEdgeHeatMap... How's that for non-correlated confirmation? Cool.
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