Don't Ignore This Chart!: Steel ETF Forges Island Reversal with Gap Down $SLX

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Steel ETF Forges Island Reversal with Gap Down $SLX

March 21, 2012 at 11:27 AM | written by Arthur Hill

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.

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