Two or so weeks ago 465 looked like a reasonable target. We have gone a little more sideways while the World decided that Putin really is a nice guy and that the Greeks are trustworthy and will surely repay every cent they owe. Now the target looks more like 475, give or take. On a normal chart we are there! Objects are closer than you think.
Using a normal, non semi-log chart as from Yahoo, we may actually be at the target after all, but it is no longer the messy expanding diagonal and instead has become perfectly confined in a channel.