Another big red day. Regional tumbled 2% to 5% on GOLDMAN SACHS. HS ( -2%) and SH (-5%) took further hit on property stocks. Fbm.fki selling was limited to AM session but steady in PM with regional extending losses. Europe small losses also helped, -0.4%. Dj futs within -30 to -40 today.
Technically, not good for bulls….a breach from recent uptrend tone, heading for sideways if not short term dw-trend. Trading sell game range of 1300-1335. For position, buy on strength, like above 30. Immediate resistance is lowered to 25.
where you cut fkli for your long position?
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