EXACTLY AS EXPECTED

Early this morning I pointed out the inverse H&S pattern and said it was too obvious, Wall Street has to game it, although I wasn't sure how, a new low could have been 1 way, but this makes more sense. Technical traders are taught, "If a pattern fails, it fails and you should take the other side of the trade".

We didn't have much time at the close for the pattern to fail with the market already up significantly through the breakout point, but this made the most sense and as expected, even though it didn't look likely, Wall Street managed to game the base.

 Here are the closing harts and the red trendline represents the breakout point, the close below it represents the head fake. DIA

 QQQ

SPY

However, Technical Traders only see price and lagging indicators based on price, 3C is not such an indicator and remans stubbornly bullish and positive. Therefore I believe this is as we always see, the head fake before a significant move. I expect some wild volatility tomorrow, but ultimately the path of least resistance according to 3C remains up and all is falling in to place as we have seen so many times before.