BEN

I just added BEN as a short to the January trade list. Please see the notes for more information on the trade list. Here are the charts..

BEN broke below a H&S top and had an unsuccessful test of the neckline resistance of the top on Monday and Tuesday.volume has been high on the downside/sell side. I view this as a long term position/trend trade.

 10 minute 3C chart showing the test of the Head and Shoulders neckline resistance, note the negative divergences at both attempts sending BEN lower today.

 This is a 2-day chart of my Trend Channel, as you can see, it's held several decent trends in BEN recently. The stop is a bit high, but there's a lot of volatility around a top breakdown. See my notes on the January trade list for alternative stop and entry options.