WYNN weekly

just to make clear again, since there is so much banter between the “bulls” and “bears” lately every time we have a big up or down day…. neither have been right or wrong lately as the $NDX is RIGHT where is was over a month ago (11/12) and even where it was back on 9/20.  until the trading ranges for the last several months are clearly taken out to the upside or downside, this is just a consolidation range and neither side can declare victory.  as stated before, i have opted not to try to short-term trade this unpredictable, news-driven environment but to gradually scale into long-term swing shorts based on where the long-term (daily, weekly and even monthly) charts are pointing, which is clearly down by my interpretation.  i say this because i often post intraday charts on currencies, indexes and even individual stocks but those are used primary to hone down strategic entry and exit points or even sometimes just an “FYI”.  it is usually the bigger picture (weeklies,etc..) that i used to confirm which positions to enter.  here’s the updated WYNN weekly, which helps to keep me in the trade regardless of all the big swings lately.