The recent break of the long term trend at $96 to $78 was the start of the A=B down trend. The retracement to C at $92.17 confirms that the stock is headed to $74 where it will find support at the 1.27 FIB. Short or buy a Bear Put
Comment:
Breakdown Is happening - next stop 76.62
Comment:
Major support area. Bears watch for $77.10 price level at which point short it taking profits at $64. Bulls watch for consolidation and go long at $90.