I'm looking for rejection near the 50 % retracement and here on the weekly chart there is major resistance at the 10-week moving average at 2880. There is major resistance around the 2800 area. I expect the Awesome Oscillator bar to turn back up over the next two weeks and turn green as prices drop back down to test the lows. The green bar would suggest that the selloff will create a tradable bottom followed by a much bigger counter trend to the 3000-3100 area.
We'll probably make a pit stop at 2400 in July and continue to 2100 in mid-July to mid-August.