In the backlink I provided this model:
that model predicted a sharp move just above $38 and then a move down to $33. So far it is pretty close to the new actual below. So now I'd like to see a move up to the high $37 range before turning sharply back down into a 3rd wave down. To be clear, I currently model the $33 low as wave 1 or A down. the 38.2 fib is $38.21 which represents a very trade-able rally from current levels. But don't be in it when the trap door opens up going into August.
Tuesday, June 23, 2015
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