(Click On Charts To Enlarge)
From this morning:
"...the neckline breaks puts a downside target of roughly 18.76 IN PLAY."
This came down so fast this morning, I covered my short from 20.96 at the top of the Bear Flag yesterday afternoon, at 19.15 for a little over a $4,500.00 gain. The UYG continued down from my exit and got to 18.96, within twenty cents of the 18.76 target. It's had a good bounce from there, currently at 19.89 (I posted the trade for credibility purposes since the UYG has had a HUGE bounce, currently at 20.04!!)
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