![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvPxRVeWaJe1GCg2hwn763HBmaThsaTW4u1tz5p2SiC3ZA7EbYTU4BgMi84h3vVv9B_pVXTcAfPmBDoledcOwAj1euXLYQ1EEr67xPyDrUWzQhEN4vpSw8xxlzMcaijf_DMVbB7Q/s400/100928+1000+am.jpg)
Still, as you can see from the trend channels drawn on this chart, there is no reason to think that this is anything other than a normal correction in an uptrend. A drop from the 1149.75 electronic high made Sunday night which matches last week's 26 point drop would end near 1123.50. This level is also a tad below the trend channel low I have drawn. It is also worth noting that the 1127 level is support coinciding with the levels of the late June and early August highs.
Once this drop is over I expect a move to 1175 and eventually much higher than that.
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