TomProTrader
Short

INTC: LONG TERM TARGET HIT- WAITING FOR RESOLUTION #INTEL

NASDAQ:INTC   INTEL CORP
73 0 4
Traders,

We have interesting set up with Intel             . We have hit a long term Fibonacci extension target giving us a three drivers completion. But the situation is more complicated, as we have been trading range bound for some time since the target was hit.

I am waiting for resolution, and I although unsure, will say I think a short in more likely from this level. But right this second I think bears will eventually have their day.

Best of luck,
Tom

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