Both $DG and $DLTR took a hit today which is a very welcome relief because we do not want to see these two running before the market takes its turn and corrects, Ideally we would like to add them as they complete Wave 2 and that is what I am watching closely at in the back ground.
I have added the white fib levels here for support if this is the start of its Wave 2 and I will be paying particular attention to the red line, which is the Covid Low Line at $124, which is in between the 0.38 Fib and the 0.5 Fib, a new higher support level should be seen as very attractive to us.
$DLTR has a lot more room to pull back after having a very positive two months, I would like to see that pull back to $123 to hold support....it is currently at $136