Maybe this is the beginning of a major trend reversal to the downside?
This alternate count also suggests more short-term upside, but the stock would be cut in half by the end of the year. OUCH!
Momentum indicators may suggest that we're still within a lengthy sideways correction.
This pair has had a tremendous bull run, and we're in for a sizable correction. Major divergences of various types are taking place on higher time frames as well.
Quite a few possibilities (see alternate counts)...
This is a messy pattern, but at the moment it looks like we might be forming an ending diagonal. Will post alternates.
According to this count the overall trend is still to the upside - even in the short term.
Certain counts on the net suggest that the triangle formation is nearing completion, but I think it's far from over. I'll post some alternate counts too.
We might still be in wave III. We'll know more after the jobs data @ 8:30 ET.
Go long for a bit... then short for a bit more... and then WAY LONG for AWHILE afterwards - SIMPLE! =c)