SPX - messy chart but if we take out this range the move measures up to about 5200, roughly coincides with a touch of the broken channel and would be relatively close to the 78.6 fib (still slightly below it). Of course, this would blow out most peoples favored EW counts going into today, but that happens (especially when lots of money being printed).  If we don't go any higher, it's an H&S pattern. In a normal world I would think this is more likely....but we're in an election year and the Treasury just told us they are increasing debt issuance by 40 on a 200 base and printing more money for a massive buyback - it's not a normal world.

*Broken channel in the middle is the flash crash from Israel / Iran that most won't see on their charts unless using OANDA.