Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
This channel is very narrow and very steep so it really would not take much selling to break it, but on an intraday basis this is the first break of the year. As always the closing price is the most important thing but at a minimum this is something to take notice of – the first break of this channel since the fiscal cliff fiasco in late December.
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