Rejected at the 200 Day MA on the 1hr and we can see that the 50 Day MA has just crossed down through the 200 Day too, which we have seen lately to be a bearish indication on a number of charts.....Bank stocks continue to struggle while the market holds up well.
Having opportunities on different time scales is ideal for us, we can shed profits on some well performing stocks and start positions when these laggard stocks hit our targets and continue to repeat this process.