MA has been an active short from the top of this rising channel with the first target hit recently when MA tagged the bottom of the channel. i mentioned that a breakdown of this channel was likely and that would be the next objective add-on or new short entry. MA now appears to be trading slightly below that channel, thereby triggering a new short entry or add-on. T2 remains preferred target for now although that might be extended if we get the kind of sell-off that i think is right around the corner (fast and furious) for now, a stop over 431 for any new short position entered here would be ideal.
