EOM Q&A 5.11.16 Head and Shoulder Target II

Q:  If the current SPX rally continues, where do you see it going?

A:  My next upside target is 2093-see chart below.  How is this determined?  
I calculated the percent run (2.7%) in the left shoulder-then calculated a 2.7% run from the previous reversal.
So Target Area II (red box) is from 2093-2083.
If the SPX fails to build momentum in this area, this sets the stage for an upcoming downturn.  
When/if this happens, I have my Volatility, and Inverse Fund plays on deck.
For more on Head and Shoulder formations. 
Have questions?  Send them my way.  

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