I hate to admit I agree with you. A rising channel can be drawn from the Dec secondary high at 36 thru Feb and now Apr highs, with lower rising channel thru Jan, Mar, and Apr lows. The high side of the channel would imply a bounce lower from ~46. This channel runs somewhat contrary to the head and shoulders breakout from two wks ago.
I'd say if it breaks thru 46 on volume, it's headed much higher but agree that we're likely to pull back after another day or two. I'm not yet betting short shares on that opinion though.