NYSE:CVS CVS Health Corporation
Last Friday we started a temporary rise and opened this week with a new gap up and have closed the September 30th window immediately. But this spike up became almost an Island Reversal when we failed to open the day higher today and even opened below yesterday's low. The bulls had the power only to close yesterday's gap up and gave up soon. Thus I expect the downtrend to be in force so that we may see new lows again. After the test of the August highs we have seen lower highs and lows only. And the impressive windows became confirmations of the downtrend when they became closed.
Trade closed: stop reached