What now? NOTHING, my first attempt to short markets in part three of this sequel of trade ideas resulted in a loss, but that doesn't mean i am off, but ill be waiting for confirmation. Breadth indicators continue to show market is loosing steam, while price is testing this key after a 30 percent yearly gains. I think soon ill be updating for a short setup.
Trend of stocks above 200-days is declining although markets are moving higher, hints less contribution in the rally, market vulnerable. further decline will be a strong indication
Skype: Technician - The forex channel