LINE IN THE SAND

An open below the trend is your signal. The trend was breached tuesday, and a retest of the resistance was expected.

Tuesday failed to clear the big October gap while ALSO failing to hold above this rising channel. The gap down today sent us right up to the old highs and set up a for hard fail in the afternoon once big traders saw we wouldn't melt up in the afternoon.

 

Here you can see our $TICK index has been very weak during this push upwards. This hints at a death of the 6 month rally..