Based on the MACD pointing down and the STOCH rsi which is pointing down, I think we will have a further correction. The correction will probably end at the 117-125 range, these levels are based on the 50MA support line and the previous support levels. From there on we can go long and watch it rise and test resistance for the 3rd time, if it breaks I will be very bullish, but when it fails we can see the rising wedge form further and we will probably see the support fail and see a break down on the wedge.