WMT Trade Follow up

First the fact WMT is moving as a bellwether is interesting. As far as our trade in WMT which has been a long process of observation...

 This is about where we first looked at shorting WMT as it broke out of the bear flag on a head fake move. Right now, it looks like it wants to kiss the flag good bye.

 The 60 min chart shows the long term damage done to WMT and thus it should be a decent trending stock down, however we still remain in the market's volatility.

 This is a 30 min positive divergence in WMT off the recent lows below the bear flag break. I would think it has enough gas in the tank to reach the flag.

However the shorter term charts are showing that the accumulation of shares to bounce WMT are already under the process of being sold off. I would keep an eye on WMT near the flag as an entry or add to. Again, I think this is shaping up to be a longer term trending trade like XOM.