As expected, /PA gave up the ghost shortly after the last night’s breakdowns in /NQ & /ES, taking out the primary uptrend line & plunging over 15% in one fell swoop to hit the first target of 1773, followed by the typical reaction so far, providing active traders an opportunity to book the quick gains on a short position, reverse to a long to game a quick bounce, & then reverse back to short for the next leg down. The next sell signal will come on a solid break below that level. Previous (last night’s) and updated 60-minute charts below.

Multiple charts in a gallery format, as above, will not appear on the email notifications but may be viewed on rsotc.com (short url)

I’ll post an update to the PALL trade, along with an updated chart, after the market opens but as of now, PALL is poised to gap well below T1 & just shy of T2.