themarketzone
Short

AB=CD pattern just became bad news for the bulls

AMEX:FAS   DIREXION DAILY FINANCIAL BULL 3X SHARES
The AB=CD pattern mentioned in this week's Weekly Markets Analysis newsletter (http://marketzone.tumblr.com/post/97990505610/weekly-markets-analysis-stock-market-trade-ideas) just may became a serious warning signal for the financial bulls.
The lower border of the Trading channel we've been monitoring in the Market Zone for while, just got breached.
If this situation will stay till the end of the trading day, it is a great development to my bearish setup.

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