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yossarian121

XME - 4 hr - bearish start. More downside likely

Short
SPDR S&P Metals & Mining ETF (AMEX:XME)  
yossarian121 Updated   
AMEX:XME   SPDR S&P Metals & Mining ETF
Gann Wave Analysis
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gann waveanalysis
XME (metals) have started the week on a bearish note after a 5 wave bounce that could be an A or a 1
Bounce backs in the short term will likely get sold into. Longs need to be cautious. Intra day rallies can be considered shorting opportunities towards 49-47.5 zone in coming days. SL recent swing high
Comment:
We had the bounce back and selling off again. SL now at 52.8. can be ridden
Comment:
Going as per plan. Use trails to protect gains
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