T-Note (H&S Pattern Confirmed)

Friday's action confirmed a H&S Top pattern with the close below the neckline.  The objective is ~ 126 17/32 with stops in at 131 5/32.  Friday's low found support at a previous swing low (green support line), it's 50 EMA, and the Monthly S1 pivot.  If we can get a break below this support area, then you should see a test of the pattern objective.  There is also a 100 EMA and a Monthly S2 pivot in the same area as the pattern objective.  This could be a good area for the T-Note to bounce higher and test the highs if we can get there.  I expect the current support area to hold for a few days before moving lower.