[pcabc]

I wouldn't put too much in a trendline on that scale and on a logarithmic chart. I think the simple price action is enough on a quarterly scale, and hence if we apply Stage Analysis principles to it, then a continuation breakout like it shows is often retested before moving higher in earnest. So could we be seeing the beginnings of that currently? It's an interesting time in the market.

I wonder if this is just pure conjecture, is it even worth contemplating this? Something interesting happened today though, my new pullback scanner showed more long pullbacks than short ones - even though breakdowns are much more prevalent than breakouts. Even though a long pullback needs to match a volume criteria in my scanner and a short does not. This could be an irrelevance or a fluke. No idea if it is significant.