The weekly chart doesn't say anything, except that the strongest sector in this multi-year rally is now weaker than the overall market, and that a few months ago there was a change in behaviour according to the massive and huge downticks of the histogram .
The offers too many signals. Look at my new power tool, the Weis Wave, invented by David Weis, based on Wyckoff's studies, cloned by LazyBear. Look at the on the last two waves toward the , compared to the previous up moves. On the last wave, is incredibly low! Look at the histogram, which has drawn now a double class A divergence. Look at the lines, at that class A divergence. Look at the rejection of a major psychological level, 100$. Look at the formation, with a false upside breakout. Look at the patterns, first an abandoned baby and then an formation, with the third candle completely the first!! Many 'look' and as much signals. Because this looks so , I have set the target very close. I don't like when a chart looks too good to be true, I get carried away. This definitely looks too good to be true for my trading system!
I haven't decided where my stop is going to be, either above 99.30$ or above 101$. I will decide tomorrow when I will take the trade. If there will be a big gap down, I may pass because it might be too much to carry.