Update –
we talked about the head and shoulders formation last week - this is now completed with a break of the neckline on a closing basis yesterday from here - note also the break of the 200 day moving average - according to the textbooks,any rally from here should be on light volume back to neckline at 4,650 (max) this is the level then to watch and on any  rejection i  would look to plunge on the short side downside objective: 500 points from 4,650 level classic textbook stuff so far...............
Best
moose / lee