Important Chart Update

The 30 min chart is looking pretty negative for the immediate term.  The system has generated some nice returns over the past week, now it’s time to be smart and set very tight stops, some more conservative traders might elect to take profits, everyone has to gauge their own risk tolerance.  But, there appears to be an imminent pullback coming based upon the negative divergence on the 30 min chart below.  this indicator has been pretty spot on.  

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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