Huey has pulled a 38% retrace

HUI has retraced 38% of the decline from the April high, and is at a potential termination point.  I do not think that is what is in the cards however, for several reasons.  But right now, Huey is expected to hiccup and wheeze a bit as it attempts to turn the MA 50 into support and set its sights higher on the rebound.

We had a good clearing out of the dead wood.  I love it when that happens in this sector.

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