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Perhaps there will still be an entry, but I do feel the bigger trade will be trying to re-short some of the broken trend lines.
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From a technical perspective, the stock has already broken a trend line going back to October and has been consolidating since.
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When there is a catalyst for the trend to be broken, the move can often be explosive.
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Even if a market's upwards trend is not broken, a market correction can still be significant, analysts said.
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During this manic year in the markets, we have gotten a significant move anytime a trend has been broken and this time around has been no different.
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However, there have been several upward spikes in the retail price over the past two decades that have bucked but not broken a long-term falling trend.
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The weekly uptrend was broken at the time the article was released and weekly trend line breaks should not be ignored.
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Detroit could be the city to buck this trend, with its well-documented urban decay, its abundant broken windows.
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Important support levels were broken by the sharp decline since the April top, and the longer-term trend seems to be down.
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Trend days usually build and often open a gap, especially in a level that has broken in a higher time.
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