Hey guys, currently we have MIL:ISP with the following technical analysis which would indicate a higher probability of another bearish impulse.
1. Nice clear bearish impulse on larger degree 2. Corrective ABC pattern within range of 61.8 % retracement 3. Bearish impulse on lower degree breaking out of larger degree trend line 4. Healthy bearish correction on lower degree with the move breaking out
Typically I don't short the stock market much, I am mostly bullish with my positions, but this one looks really clean so I will be involved.