Axe Throwing Tuesday, page-34

@West Coast ... You asked re: XFJ... "Wonder if some FIB experts could chart this?" ... Firstly, I'm not a FIB expert but I like to "tell" fibs occasionally. I did post right here on the XJO thread a FIB chart for the XFJ back in mid May and again latish May.

Here's the 'continuation' of it ... Now I know Satin followers(yanks?) would like 666(0) as per SPX 2007L but just maybe that's pushing it for the XFJ. You, yourself suggested "the BANKS rally looks to be at around 50% of the target from the recent lower low" so I figure that would also be a good target for the XFJ just as it fell 50%(from the 2016L to 2017H range) OR maybe up to the more infamous FIB ... 61.8% ... i.e. ~ 6720. Both these levels sort of coincide with previous swing chart points(arrowed).

Lets see how this unfolds ...