The 2nd targets on both time frames have been reached simultaneously, and as is true more than 95% of the time, a pullback occasioned by profit-taking is occurring. No surprise there. Typical market behavior. There is no reason for traders with long positions to have held beyond the 2nd target level. Expensive habit to bet against high probability entries and targets.
We are showing the two possibilities that exist at this time and their attendant targets. The long is a short time frame setup and the short is a longer time frame setup. and EOY shenanigans are factors to keep in mind. A disappointing report would be a great gift to all long term investors/traders who are patient.
A word of caution; Don't make the mistake a trying to hop a freight that has already left the station, no matter how tempting it may appear.
Meant to publish all 4 views. See