I thought I would provide a bit of my thoughts so far.From a...

I thought I would provide a bit of my thoughts so far.

From a fibonacci perspective I think the key resistance is obviously 0.40 and the next target and resitance is 0.47.

From an elliot wave perspective I feel that we haven't completed our 5 wave impluse. I would expect this to occur next week and potentially touch the 0.47 mark.

I say this as the 3rd wave is the large upward bar- and we are currently consolidating in the 4th wave.

I will say again how impressed I was with the lack of Friday afternoon sell off- showing the strength in demand for this security.

From a purely technical perspective I would conclude that this run isn't yet finished and next week should see 0.47.

That is why I sold out today- but then bought back in prior to close.