RSXJ - Longterm trend breaking down Short from $37.80

Mar 12, 2017

RSXJ is rolling over after a huge upward move. It has broken down very longterm upward trend & recent support label. It also has Negative moneyflow divergence. We think it will decline further.
For ideal entry we would like it to re-test broken support.

* Trade Criteria *
Date first found- March 9, 2017
Pattern/Why- Trend/support breakdown
Entry Target Criteria- Break of $37.80
Exit Target Criteria- Momentum
Stop Loss Criteria- $40.73

Please check back for Trade updates. (Note: Trade update is little delayed here.)

Mar 16, 2017

Trade active

March 13th - Traded upward, hit entry criteria & tagged to EMA 5. Now wait & see.

Mar 16, 2017

Note

March 15th - Went up & retested trend line resistance from beneath. We would like it to decline from here.