Possible targets if this plays out.
Everyone and their mama saw the IHS playing out today.
Earnings gap is almost filled.
Perfect 1.27 fibs on the bullish 3 drives pattern.
Expect some swings on the way up, it may take some time.
.5 Fib from high of 1st drive down to bottom of 3rd drive has been a historically difficult level.
Invalidated if we drop below 175 area.
Bullish flow today from options, but also two massive blocks of deep ITM puts purchased.
Timing of completion is unknown, could take months.
Again, just a possibility, or a thesis per se
Everyone and their mama saw the IHS playing out today.
Earnings gap is almost filled.
Perfect 1.27 fibs on the bullish 3 drives pattern.
Expect some swings on the way up, it may take some time.
.5 Fib from high of 1st drive down to bottom of 3rd drive has been a historically difficult level.
Invalidated if we drop below 175 area.
Bullish flow today from options, but also two massive blocks of deep ITM puts purchased.
Timing of completion is unknown, could take months.
Again, just a possibility, or a thesis per se