...those of us just trying to protect positions as opposed to playing short hero might just as well wait for a breakdown confirmation. Technically, the pig has done a lot of good work and while I think this is an upward ABC correction before significant downside, there is a target well higher if it breaks above the noted level (red) where it is predictably finding some resistance.
If this is a real failure, then in my opinion there will be plenty of downside both in price and in time with which to get short. I am personally watching the $RUT small caps and a few other upside/downside leaders for clues.
