Once the retrace scenario sets in, you have to change your approach...
Nearly impossible to successfully trade in and out on a falling stock...so once you have had a failure or two, it is often best to sit it out for a few days.
The story has not changed...just the short-term sentiment...and that will pass.
In my opinion, we are in the buying zone now...but given recent volatility, one would be foolish to fully load up just yet.
Sooner or later, one of these "failed rally's" will in fact not fail...at this time, you will want to be fully loaded.
I suggest that within 4 months, UNX will be testing new highs...in the meantime, we will have a few swings in both directions to deal with.
Check out the CAZ chart for a guide.
Cheers!
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