The POG, WEEKLY LR chart from the $252 low on 27/08/1999, to the $1920 high on 09/09/2011, generated an UPPER channel range of $661.
From 09/09/2011, KEY, up side TP's/RESISTANCE tests are forward looking (EXTRAPOLATED), and will be (generally) MULTIPLES of that $661 range.......including the secondary 1/2 & tertiary 1/4
FRACTALS ........$330 & $165, respectively.
In this CORRECTION scenario, next HORIZONTAL support level of relevance is $2416.
The PROMINENT candidate (IMO) is $2085.
Cheers........and keeping in mind, when key horizontal support/resistance levels are being tested, the CLOSING price is the one that matters.
SPR Price at posting:
$1.10 Sentiment: None Disclosure: Not Held
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