Hello Everyone,
Very choppy action (range bound) with the bears remaining in control with lower lows and lower highs. The bounce off last Friday's low looks corrective (3 waves) which suggests possible 4th wave unfolding since that time. In choppy action, it's best to NOT force trades and wait patiently for valid new trade setups. Trail stops down on swing shorts in accordance with your plan.
Please take a moment to look at the trade ideas.
