| Weekly Trend: | Down |
|
| Daily Trend: | Down | |
| Daily Momentum: | ___ | Neutral |
Our view of a bounce took a nice step forward today so hopefully some minor follow through can now be seen. We suggest that longs here are a lower probability trade and prefer to stand aside and await a termination of further strength in order to re-establish new shorts. That said we will post some long side setups for those that feel inclined to trade that way in the coming few weeks. The weekly and daily trends remain down but momentum did pick up today to post a neutral reading.
Facebook comments: