Fireworks at Gilead's Castle Tonight

On a night where Disney is reporting earnings, it is interesting that large cap biotech is sporting a Magic Kingdom type of monthly chart, seen below.

Specifically, failure of bulls to hold here and see the vaunted biotech find its footing after a multi-year correction opens the possibility for some type of a Tower or Castle chart pattern, where the entire move since 2012 is retraced, surely something bulls cannot afford to have happen. 

To be sure, all earnings for all prominent market players, like Gilead, seem like they are significant. 

But if bulls mean business with respect to biotech, then enough is enough--GILD has had nearly two years now to correct its very steep rally since 2012. 

More in my recap after the bell.