Attempt to reclaim trend from 2011 failed. A test of 2004 trend will occur in near term. A break below this trend would bring us way down but this would not be realized for a long time.
All shorts are in play. Direction is down, sell the rips , stops are currently above 2580.
All shorts are in play. Direction is down, sell the rips , stops are currently above 2580.
Comment:
Today's rip was exactly what you would expect from a topping market. Stay the course, short term down trend will become realized soon.