- Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
- A bearish Head and Shoulders is forming.
- Further downside is expected and we prefer to set shorts in early trade.
- Although the anticipated move lower is corrective, it does offer ample risk/reward today
- Preferred trade is to sell into rallies
Recommendation: Sell/Sell limit @ 2005