There is a nice confluence in fibs in the area of 245-250 USD which looks like a good "buy the dip" strategy if this bull you think this bull has legs. Price has reasons to go down as there is some HTF divergence. I am looking at possible 270-275 short term. If things run out of steam, uh oh... But I am positive at the moment.
After a lack of follow through of the MS /XBOX live rally and failing new weekly pivot, bear ABCD took effect. We are currently having a small pause at a weekly support level but I don't expect it to hold (bounce limited). My target is in the 1980-50 area which is where ABCD end meets with another congestion level, fib ote and weekly support level.