Time is adding shapeliness to the bearish pattern shown, although a week of muddling would diminish its symmetry and therefore its presumptive downforce. In any event, it projects to 15.62, which would represent a substantial downpayment on the very-worst-case target at 13.90 that I aired here a while back. The midpoint pivot is close by, at 18.90, and we’ll be better able to tell how much selling is waiting to happen once we’ve seen this vehicle interact with that number.
