[INTC] update

While I fully expected the Intel H+S break down to occur, in the backlink I was suspecting we needed one more wave up to complete the countertrend rally.  That inability to bounce as indicated is a serious sign of technical weakness which likely signals that an extended 3rd wave down is playing out.  It could also, however, be the B wave of an expanded flat so that red 2 is just A of 2 and now C will happen shortly.

Time will tell.