Friday, July 1st was important since it was the anniversary of the major July 1st, 2010 low. The powerful surge up on Friday was reflective of the capitulation selloff into the same day in 2010.
The pink fork line was backtested Friday, therefore, a minor decline into a July 7th low is favored. I am seeing Friday, July 8th or Monday, July 11th as the next possible high.
July 22nd could be an important day. Additional details will be forthcoming at a later date.