Near Term Trend: Negative
Wednesday’s Close: 368’6 (- 1 cent)
UPDATE: Uncanny how the high in July 2016 and the high in February 2017 is 396’0 (perfect double top).
As we stated for the last eight weeks, that line in difference between a significant retrace and a major upside breakout which could define a bullish 2017.
Thus far it continues to be a significant retrace.