Near Term Trend: Negative
Wednesdayâ€™s Close: 368â€™6 (- 1 cent)
UPDATE: Uncanny how the high in July 2016 and the high in February 2017 is 396â€™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.