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ryankettering
Jan 31, 2014 6:11 AM

JWN Looks like possibly a missed weekly pivot Long

Nordstrom, Inc.NYSE

Description

entry long at 56.29 (10 points above 2.618 extension ), exit at 58.52 (sorry I have 58.59 on chart) (10 points below resistance and 161.8 extension toward missed pivot)

time frame for exit: between 2/14/14 - 2/21/14

Be careful as we have now broken 2 upward trend lines on daily chart suggesting more downside in the long term.
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