Like @sdc01 I have been monitoring the current channel for some time and agree that even with this recent violation, I'm still happy with where the SP is at (considering lack of updates). In my eyes this channel has been validated by multiple bounces and pullbacks. I think the market is definitely losing momentum but that appears to be in-line with the 2 previous pullbacks.
Could this pullback offer a potential entry? You'll need to DYOR. Lack of communication may be an issue but this channel has held for a reason.
SE1 Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
