the 2nd HGSI set-up posted on friday (the longer-term swing trade based off the daily chart) triggered today and has taken out both the downtrend line and the first horizontal resistance level (R1). personally, i am not entering any new longs today as the broad market is still struggling with key resistance and too many red flags exist. if you decide to take this one, just make sure to set your stops appropriately. i will move the to the active trades category because a breakout is a breakout but i will also leave it in the trade set-ups category since it has plenty of upside to the first target(s). as always, i will try to update any additional targets as/if the trade continues to play out.
