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Correcting outside a rising wedge ..

Possible bear channel formed
Next stop 290.

Stop loss over 306 stop

Note

Place a stop on your shorts at the open.. If the market rebounds the next two days, this won't go down.. still bearish under 306

Note

Candle poking outside channel..
Price is right up against 50sma at 302..
I'm bearish here below 306.

If you short here at 302 keep a stop at 305.
The best short entry though is any drop below 296 again. Target 282

ContraryTrader

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