Hello gremlins, my bad I overestimated the targetand time to target (oops).. but not my bad because this is still about to pop. Here are the adjusted expectations based on the info given by recent trading action:
- bounce from here (~127), which was the 0.618 retractement oft he move from June 13 - June 24
- new initial target is 169 (1.618 extension)
- from 161 it should pullback to 149 to 153 - if it finds support at that level, and market willing, it will make one leg higher to 177-190s
- If doesn't hold the 149-153 after the pop to 169 (which is 101% certain), then it will go to 0 probably the next trading day; but if it holds and makes the final leg higher then it will likely begin a corrective wave to 100-114 starting around July 8
- after the corrective move to 100-114 following this near term upside, then it will make its way up into the 200s (possibly 2000s, duh) in August.