I just don’t see it. The one year chart shows a nasty downtrend where the 30 ema on the weekly has been capping all rallies since last summers top. Classic Weinstein stage 4 Bear Market action.

My long term channel provides the bigger picture and while they are now bouncing at major support, they also just had a failed breakout on the last BMR. We should know soon enough as price is wedging to a decision point.

Screenshot 2016-07-01 19.44.05