Here are some charts as of the close of today (Friday) showing daily bars. I have put in some trend lines which are different from the bullish flags which most people I have seen have drawn. These channels suggest that we did not have a breakout from a bullish flag recently and suggests that we may have hit the top of the channel and have nearly corrected back to the channel support.

Trends, resistance, support and other levels are often in the eyes of the beholder. So this is just an alternative which might be suggestive of a trading strategy and might also account for the recent sell off in a less "negative" way. Of course if the recent sell off is being taken as the beginning of a 10% or so correction, then these charts suggest that a lot of people who are going to short on the way down are going to be burned. Not an unusual thing for the market to do.