Pull back today which puts JBHT closer to long entry level. Possible stop under C or last pivot low.
Earnings around the corner so this could go lower. Folks get nervous and seems a lot of selling occurs when earnings are close.
The auto fib tool on here can help with nailing C. It is not always right and sometimes C goes lower. JBHT does have a long AB leg, or impulse wave.
There are only 2 kinds of markets. Trending and sideways. Trending can be to the upside or the downside of course, but knowing which way your securities you choose to trade can be important. It seems this market will trade something up to the almost parabolic level sometimes, sell it, then lose interest in the entire sector for a while. It can be a good idea to scan the other stocks in the sector you are about to enter. Keeping up with it can give a person a migraine )o: