I definitely saw the 220-230 coming, although I was expecting an immediate 167 correct. What I see now is not upward momentum (if it does, expect 250 ceiling.)
What to expect, imho: 180 correction -Fibonaccis 161/261 project 180 area -Fibonaccis trend start / trend top project 180 area -Moving averages, down the the slowest, pass through 180 area -More chinese buyers/sellers, market will flood pending sell orders -Potential panic from people short holding, to add to the "pending sell" orders
It could tank as low as 167, I hope. But most likely 180 is the area to re-enter and buy in again or just buy in for the first time.