Entered a short position on CSX stock on 10/27. Although it appears to be retracing, note how it has failed to break the high of 10/27. Further, as you can tell by a comparison to SPY, it has failed to capitalize on the increased momentum evident in the rest of the markets.
Further, the Ichimoku cloud directly above today's candle illustrates some resistance from above.
Further, the Ichimoku cloud directly above today's candle illustrates some resistance from above.
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