1) The sideways correction.
Relieve the overbought conditions and just correct sideways in time with no severe price retracement, similar to the 2010 mid-rally correction.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJGV_IXWQrhh3CDcM1ujSYsjfADCtJ7WLp_mB7M8I5t5nUsP38_kYp-q8XLMDxXcI7opNtQ_t2n6E5h7PzFcfOHyKKrAiHzgcSgmg5HMlgXmmZcG57ojv6uoEcKdBSCh4jbOKwZChAKuZ3/s320/001-binve_01.png)
2) A deeper price retrace.
I still think this cup-and-handle setup is a good potential also. Nice support at ~1300.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj35uPKqk68m3uHCDc12z7fMRliBDxT4hA1s8wCeTwCOuixEbxqP7fMqSJ_QJr2jy6WAoOF3WAuz55nR26VCB5un3DfJww0CW77kGDpZYrdMYuo5j9ZKXQluBqBJGZOsVjzuoPOHTpaESgl/s320/001-binve_02.png)
But like I have been saying the last several months and in the last several posts in particular, I still think the October low marked an important low and at that there are a number of reasons why I think looking for a major top here is incorrect. I believe this correction will be a dip that you want to buy in the longer term sense, that this cyclical bull market is still not over.