TLTrader

RSX lower trend broken

Long
TLTrader Updated   
AMEX:RSX   None
RSX has been in a relentless downtrend, but has now traded past a lower hi at 18. If OPEC meeting tomorrow is perceived as positive for $OIL, RSX should be on the next leg up with 1st target at 21-22, and then at 25-27. Best.
Comment:
Steadily approaching 1st target.
Comment:
Reached first target. Booking profits on half and moving S/L to b/e. Looking for the $27-28 next target.

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