*HGX & DJUSHB down by -0.95% and -1.22% respectively on a day where the broader markets gapped and held in the green... everything from +0.43% on the S&P 500 to +0.74% for the Nasdaq Composite...
*Look at how the 50 day average once again acted like resistance>>>
***The resistance also happened to coincide with the neckline of the head & shoulders breakdown, which I pointed out could be tested #msg-8188742...
*******In other words, if you want to be a bear and you believe we are entering the next wave down of the secular bear market which began in 2000, than you are short the homebuilders here off of the 50 day average & neckline test & failure... if today's low breaks tomorrow and closes underneath it than look out... the BEARS will be winning, not only will the H&S top breakdown be in place, but now so will a retest & subsequent failure...
LOOK OUT BELOW MY FRIENDS IF THIS RESISTANCE HOLDS!!!>>>
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