I know there were many doubts that this would not pull back but when we look at the structure now, it is almost perfect and this ABC pull back aligns with the length of time of the impulse wave too, so both have been in harmony and this is as standard as they come.
I think a lower low will come in here next and a test of the 0.5 Fib at $129 is possible next
So we will be watching for a hold at $129.50, failure to hold here and the 0.618 Fib is in play at $125
A hold in this range is a buy for me and should be treated like $NKE, buy to hold for long term, which is what I intend to do.