Hi guys,
Just an alternative idea to the diametric idea - as I was going through this, I realized it isn't clear at all which case makes more sense, as both seem to fit very well.
We could be in Wave-2 of a larger impulsive series, currently on Wave-A of Wave-2. I would expect Wave-C of Wave-A to end at $7100 before we head into Wave-B, and hazarding a guess that Wave-2 might end at $6666.