Down significantly, SHLD has bounced from lows in Feb 2017. The larger trend remains negative, however the market is currently in a positive trend that can bee seen on the dialy bound by a green channel. The support for the channel is highlighted with a dashed orange line, indicating a potential risky trigger consideration. Risky because a break of the channel doesn't necessarily mean the positive trend is over and the lift could continue from several other potential supports outside the current channel. Solid orange lines offer places (in my opinion) of slightly less risk than the dashed orange line highlighting potential trigger considerations. Solid orange highlights breaks of significant technicals where it could mean the break out of current structures and expect the market to then move to the next. Note dashed orange arrows offering potential market moves to consider as the technicals are broken.
