Just a quick observation. It may be possible for the correction to end sooner than expected. Another perfect opportunity is on July 5th right after the July 4th Holiday to not only fill the CME Gap but also bounce off another closely watched trendline.
See target area.
So, to upgrade my weekly update it is very possible for this correction to finish as soon as the end of next week or drag out for a couple weeks as previously stated. It really just depends on how ambitious the market decides to get.
Take away? Be ready for anything in the $8,000-$8,500 range. I firmly believe any longs picked up in that area will be well rewarded later this year. If we go down there, those will be prices we probably NEVER see again. EVER
Good Luck
BBS out!