If it is a clean IH&S it will reverse at @3077 and retreat to @2987 and resume its northward thrust...otherwise the pattern is still valid IMHO
IHS Steam Rolled that potential Fib-R level

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The Fed's threshold for pain is now only a 5% drop to order up a $53 Billion pump in one day. Fed allows the pump, but cannot stomach the dump. Buy the dip, buy the rip is back.
https://apps.newyorkfed.org/markets...=TRUE&startDate=01/01/2000&enddate=01/01/2000
Not good......