$LTC Buying Opportunity???

The chart above is the multiyear ARC. LTC is fast approaching another possible "ARC TAP". Is this a Buying opportunity of this mid cycle correction??? In my opinion as long as $117 is maintained, LTC is a screaming Buy. A loss of $117, and more importantly $99.65 would invalidate the ARC and leave the Bears in full control. Should be an interesting week. :)