Todd asked if there is another target beyond 25.11. The answer is YES!
If we get a clear break above 25.11 we should be looking for the extension of wave 3 to take us higher to 28.83. However looking at the structure of the rally of the 17.53 low (wave iv of 3) I would not expect a rally much beyond 25.11. That said we will have to stay flexible and a clear break above 25.11 - say above 26.00 will argue for a continuation higher towards 28.83.
The extremely bullish Count will be that the rally from 9.35 to 23.44 only marked wave i and the correction from 23.44 Down to 17.53 was wave ii and wave iii is just getting started. This Count would call for a wave iii rally towards at least 40.35.
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