Yesterday I posted a Fibonacci Retracement Chart with $975 as the next likely level that would end this "dip." Previously I had posted that $1060 was also an area to watch for support, this based on Fibonacci extension calculations. Put the two calculations together and we have a primary window of $975-$1050 to watch for signs of a reversal back up. Here are both measurements on one chart. Big Picture: It doesn't really matter where this "dip" terminates. What is most important is how quickly price reaches the upper targets that are projected into the 12-18 months ahead. From what level that leg up begins, whether it be, $812-$894-$975-$1050, it will be inconsequential.
