WMT Follow Up

The last substantial update for WMT with the different entry options was Friday here....

Quite a few alerts have gone off this a.m. and although I'm not a fan of morning trade and volatility, you should be aware of where WMT is now in relation to some of the proposed entry options.

 A break of the 60 min Trend Channel was one option which started Friday near the close and is below on the open today. This was one entry option being a stop could be placed nearby above the recent highs.

The Second option was a move back inside the bear flag which we are seeing today as well. The daily chart shows a bearish Engulfing pattern at the yellow arrows and a break inside the channel at the red arrow.  The last entry is a break below the bear flag.