Elliott Wave Picture
We've recently had a clear impulsive wave, followed by a clear zig zag corrective wave. Lots of bulls are wanting these to be a 1 and 2, but it seems more likely that we're in the middle of a big ABC correction that will take us until June (the REAL wave 1 up will be a much more impressive and sustained rally). Looks like there will be a good selling opportunity coming up soon to sit this one out until around June, anywhere from 12-15k where we've got the 0.5 and 0.618 fibs. Looking for us to test the weekly Ichi cloud and longer term uptrend line around then, and probably rocket up from there.
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