quantguy
Short

CSX Still Short

NYSE:CSX   CSX CORP COM
Entered a short position on CSX             stock on 10/27. Although it appears to be retracing, note how it has failed to break the high of 10/27. Further, as you can tell by a comparison to SPY             , it has failed to capitalize on the increased momentum evident in the rest of the markets.

Further, the Ichimoku cloud directly above today's candle illustrates some resistance from above.

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