This weekend, 4xQuad released a lowly target of 270.61. As of market open, price collapsed, and at the time of this writing, we are already contemplating a 577.00 intermediate target.
How likely is the 270.61 target? Well, so far, our target is ever nearer than it was when we released it this weekend and market was closed. If the 575.00 floor breaks (4xQuad is estimating next target to hit the 577.00 level), then all "human" bets are off. However, as far as the system goes, nothing has changed, here at 4xQuad.
David Alcindor | 4xQuad.com
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)
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