Trendlines Broken

The uptrend lines since this rally began have been broken today, the markets are below the flat/declining 5 DMAs and the VWAP (purple MA) since the rally began is now coming into play. A bounce from these levels will give good indication as to the conviction of the buyers of the recent rally. Be very defensive.


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  • Brian Shannon

    Brian Shannon is a full time trader (with 17 years of experience), educator and author of the highly regarded book Technical Analysis Using Multiple... More »

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