It would now seem that the medium-term uptrend is over and we are entering a corrective phase. It should be choppy, but fun to trade. Mkt found support at several fibonacci targets, but would expect these to only offer a bounce. Next target should be 165 and therefore, I'd sell any rally and buy scale into that (or wait to see if it holds). Either way, mkt has changed and I'd be looking for a cheap opportunity to get in. This should take a while to determine.
Attached is the weekly graph showing the overall picture. Would be difficult to get throug the 149/150 mkt.
