The daily chart is clear, the two day 'minute wave'2 rally..is over. Now its time for minute wave'3, which by definition should take out the minute wave'1 low of 1309.
sp' daily, 4mth
sp'60min - count
Summary
An exit late Friday in the 1300/1290 area would be ideal right now, and that remains my plan.
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As for next week...probably lower, at least for Mon/Tuesday.
At some point we're going to need to take out the 1266 low, and it should be within the next week or so. If we're not in the low 1200s by mid July..then my overall 1150/00 target would be looking a little difficult to reach. First things first though....a break of the 1309 low.
Anyway...time for lunch!