The market in the one hour time frame shows a Bat Pattern being completed, the reason why my Target One is set on 61.8 is because I do believe that the market will continue to move upward. If you note on the chart to the right we are about to test that newly set monthly support line. If respected we can see that push up passed previous week highs.
We could also see a period of consolidation soon as the market reaches a period of indecisiveness; other investors wait to find their own opportunities.