CMG Update

The last bullish signal I gave on CMG was an intraday chart Gartley @ 301.73 that gave us a couple of nice bounces that were confirmed by RSI all the way to the overbought extreme. The third test of the Gartley's PRZ was not expected to have a high probability of holding but nevertheless gave an impressive response. Now that price has come through that level in a dramatic gap, short-term (intraday) sellers of CMG should have several opportunities in the next few days to catch relatively easy downswings. Watch especially for a 70 test of RSI on the 30m chart or signals from HSI if you have access to it.