Dragon Head Should Build for 6 Weeks +/-

If Oct 27 - Nov 6 produces a low, the SPX should begin a November rally, then one more sell into December building the dragon head trading range before a strong breakout into year end.

Here are two rough sketches of how this pattern should play out...Target for this Dragon Pattern is the old Tail Hook highs of 1348-52 +/-

In terms of Neowave, this pattern is a Reverse Alternating Triangle.

Original Dragon post here...
http://chartblog.blogspot.com/2011/10/dragon-fractal-missing-head.html