Bounces off Trendline Part 2
Updated
I went long on the third daily bounce off the trendline near the close. I don't expect a blast up like what we had earlier in the week. However, I do expect a retest of the 2900 level over the next couple of days. I have a very tight stop on this trade.
Trade closed: stop reached
Closed my long, as my stop was reached. I took a 2% loss on this one. The Walmart news was just not enough to sustain the upward move today.
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