Bouncing off fib levels in the new channel

Pitchfork on the crash to $340, we're on a new trend now.

We're doing sideways consolidation between $500 an $550, then if we manage to get a push to $550 again and break it it's headed to $630. Willie is just too overbought at the moment to get any meaningful push past $550, but do not expect a complete drop back down to stupid oversold levels. At worst it will get to 75 with continued positive divergence.