andrew.berg
Short

UTX transfering into Mark Down Cycle

NYSE:UTX   UNITED TECHNOLOGIES CORP
MARK UP - higher highs above rising moving averages, low volume pullbacks

DISTRIBUTION - no direction (range), clear resistance at $120

MARK DOWN - bear channel in fornt of support $112.50 (and 200EMA) and break down on earnings

Some flagging before continuation down. If it will hold 1/2-1/3 then we will see quick resuming of selling
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