DE Follow Up

DE was a phased in partial position, looking for an opportunity in the future to fill out DE as a Core short, here's the last position update

Considering what's going on with CAT (Another Short Idea), DE is not only a good sympathetic play, but it is crossing some major Trend Channel Breaks.

 This is the area I figured would be the failed move, we're pretty darn close.

 The Trend Channel 3-day stop which defines this trend was just taken out.

The 2-day Trend Channel defining the trend above the resistance breakout has also been taken out.

We have a partial position already in place, so for a new trade I wouldn't even mind a partial position here as long as that is part of your risk management BEFORE you enter the trade rather than dollar cost averaging.

I'd like to see an intraday move to the upside to fill out the position, I'll be keeping an eye on it, but there are a lot of things to keep an eye on today.