August Milk tanked today forcing RSI right down to near bottom. S3 target now for Milk at 16.03. Milk stayed below S2 in trading today suggesting continued selling. We may see some horizontal trading a bottom.
Comment:
Milk used S2 as a launching pad upwards. Needs to break pivot at 16.70 for an extended run
Comment:
Milk showing signs of continuing down back to S2. Couldn't break pivot at 16.70
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Milk further degradation. Headed to S2 again. May even try for S3 at 16.03
Comment:
Milk continues to approach S2
Comment:
Milk fell through S2 and heading towards S3 at 16.03. Looking at this, we may have a fall through S3 15.75 area to max out RSI.
Comment:
Milk bottomed out at where the first run began. Will just watch a wait.