If we hit $155.22 which I suspect we will, we could pop to the .382./.5 extension at 159.00-160.00. The .618/.782 extension is 161ish to 162. These would just be retracement levels on a continuing downtrend. Although if we blow the .618 extension on the bullish bat
then the up trend will remain. Of course this all depends on the bullish bat
playing out. Another sceneio I see is us bouncing at the .886 extension (160.84). If this occurs we could see this form a bearish bat
bats at the top of a chart show trend change. Especially ones that form a double top
. Things look quite bearish
as of right now so the bearish bat
might not play out. It is some good food for thought though. Tomorrow will tell how it will go. happy trading!