daily outlook

Well, everyone saw the ending diagonal end... no matter how much of a retrace we get, i think its important to keep in mind we still have an outstanding upside projection of 1010.50. And lets not forget the daily projection from the march low of a bare minimum 1022.50-1024.50! Those numbers will be seen in time! Also keep in mind were still a week and a half away from the .382 retrace in terms of time from the all time high to the march low! So moral of the story is i dont expect much of a decline here, at least in terms of time and likely price as well. the hourly chart shown below shows an hourly projection still outstanding of 1009.00.