If it stays in this channel, look to lower support levels of ~1200 and 1000.
My previous idea's title of "Correction to 1000" looks foolish now, but i should of clarified that it depended on it staying in the descending channel, which it broke out of. It's worth noting that the investment strategy was neutral. I also identified the 1.618 fib level, which is drawn on this chart, as a resistance level. If you had bought when it first broke above that resistance you would be very happy (and unable to sleep until later!). That same channel even identified a point of support at ~1200.
Zoomed out to show fib levels
My previous idea's title of "Correction to 1000" looks foolish now, but i should of clarified that it depended on it staying in the descending channel, which it broke out of. It's worth noting that the investment strategy was neutral. I also identified the 1.618 fib level, which is drawn on this chart, as a resistance level. If you had bought when it first broke above that resistance you would be very happy (and unable to sleep until later!). That same channel even identified a point of support at ~1200.
Zoomed out to show fib levels