[goodtyneguy]

Imo there is a potential trader entry point short in EMC today with (ATM) an ATR200 stop around 2 on a R2R of over 1:2 to the next support level.

XLK is currently just above the 30 week MA after closing below it last week at a support level on heavier volume than previous attempts. For that reason I think there is a high probabilty that it will soon be broken sending XLK into a stage 4A.

       

I'm short at 22.61 via a spread bet in IG

Note: Ignore the MA's on the charts, I forgot I was still in my futures template in PRT. I had viewed them in my brokers charts with the correct MA's before hand, honest.