Still on the road but I thought I’d give you an update.
As I suspected we had another leg down after a surprisingly strong bounce (at least the strength surprised me), and now we are about half way down to the weekly trend line. I think we’ll see another bounce or consolidation attempt before the descent to the resistance line but as I said before it’s going to take several days.
The system closed the 120 min short position in held with 1.94 points profit the morning of the bounce and is currently neutral. If you want to receive the realtime stock alerts for FREE register here