As markets rally higher on lack of trade wars rhetoric and investors shifting focus on earnings, we see that the market is under distribution. As prices move higher, the A/D line has moved slightly lower over that same period. This suggests profit taking and possible entry for opportunistic shorts. Look to sell rallies into trendline resistance and target $258 support area.
交易進行
Trade is working out nicely, today's engulfing candle suggests continuation lower to our $258 target.
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