Don't Ignore This Chart!

« Previous Article | Top | Next Article »

Steel ETF Forges Island Reversal with Gap Down $SLX

With a gap up, two candlesticks and a gap down, the Steel ETF (SLX) formed an island reversal over the last five days. Notice that this reversal formed near the late February highs and the ETF broke the March trendline with further weakness on Wednesday.

120321slx
Click this image for a live chart.

« Previous Article | Top | Next Article »

Other StockCharts Blogs

Subscribe to this blog