One possible scenario could be a repetition of previous pattern or fractal that sees move up to the 76XX zone then retrace back down to test support at fib levels. If something similar to this plays out it would be a great long opportunity setting up for the first week of August and potential ETF news.
Comment:
First target has been reach and there has been rejection. I don't think the rejection was strong enough, potentially there could be considerable more upside at this rate. Will keep a close eye on the 7778 and then 78XX, if we are not rejected there then I don't see anything stopping until 83XX.