It should have dropped today and didn't. I can't predict what I don't understand - and after today, I don't have a clue. I'm still sitting here studying all the charts and there isn't a single pattern that played out as it should have today. The way I read minute charts isn't more than 60% predictive at best but to have a single day where it bats 0 for 9 consecutively on one stock really strains my brain. Comparing it to some other solar charts, they behaved a little oddly today also but nothing like STP.
That is why your only quidelines are the moving averages and support and resistance, your only risk is the time frames. With all the bad news today IMF,airlines,M.Lynch,how can anyone believe that this market can rally!!! Once again I reiterate, the momentum cycle high was Mon./Tues. and the momentum cycle low is coming in somewhere between 4-21 and 5-2. I'll wager the $VIX is well above 35 during this time frame.