About this blog:

CURRENT MARKET TREND: Up 5/27/16 @ 2090
Stop-loss 2026






Saturday, September 7, 2013

LNKD - Rally Long in the Tooth

LNKD has entered an area where I expect it to start pulling back for a month or two. There is solid Fib Resistance residing in the area of current prices and the wave count suggests it should pull back in a 4th wave down to the 200 area in the coming month(s). The ADX has already rolled over on the daily chart suggesting the trend is exhausting and the DMI's are displaying bearish divergences.

Chart:




Trade Suggestion: Enter LNKD October or November Puts

2 comments: