It's not the first time we have spent an extended period of time in this price range;
It has been a pretty steady pullback so far, while we come into support on the weekly
An updated view of a previous weekly chart.
A closer look; some similarities between now and previous price behavior around the "re-test" range after a prior breakout. It's possible the gravestone doji that closed on 10/19 (in the chart below) was our "re-test"; as the previous occurrence (back in April-May of 2011) spent 4-weeks following the high before a re-test. The 10/19 doji was the 5th week following a high. If this zone gives way there could be heavier selling.
Curious to see the stairs getting narrower through time though. What I mean is that the returns on these rallies have been seriously diminishing.