If this indeed is the beginning of a pullback, I believe we will sell off at the normal rate of decline. This should put us around 1563 or so by next Friday(4/19) and would be an excellent time to assess current market conditions, possibly being a buy point
On a monthly basis we are bumping up against downward trendline. The Directional Movement is increasing, if ever so slightly. It would be interesting to see if the stock did indeed break the trend. Trade what you see, not what you think.