Replies to post #5126 on E-Wave for the S&P 500 Index

[snootmagruder]

Gleno,
I believe you're correct that this is a Butterfly pattern and if it plays out then yes, it goes to the top.
Google Harmonic trading patterns and maybe "cheat sheet" for the patterns.
I don't know the accuracy of harmonic trading but like any other it's not perfect.