SKYY cloud index is about to complete a head and shoulders formation on increasing volume. The moving averages are tucked up nicely right underneath the recent price action upward. I expect this to breakout upward toward the $61 price level where it will reach upward resistance. The formation of the head's range is rougly $4.5. A break upward into resistance at the $61 level would be about $1.5 from the head and shoulders neckline giving it 1/3 range breakout potential. When looking for a head and shoulders breakout you typically want to see 1/3 to 1/2 of the range that was formed in the head as a potential target price, or 75% to 100% of the range formed in the shoulder.