WFC has made lower highs since July while the overall market has made higher highs. When the leading group, financials, stop leading AND have a bearish chart pattern all by themselves, then it is a sign of trouble ahead for the S&P500 as well as being a bearish sign for WFC by itself.
Short WFC with 5% downside potential to $49.50. Stop $52.10. Last $51.38
Tim 2:04PM EST 9/2/2014 Tuesday
Short WFC with 5% downside potential to $49.50. Stop $52.10. Last $51.38
Tim 2:04PM EST 9/2/2014 Tuesday
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.