X USX Corporation, daily chart to take a look at steel. Negative divergence in play so a spank down is at hand. Price gapped up from 60-ish to 62 forming an island top, so an island reversal is in play. The lower trend line is sloping up to meet with the horizontal support at the 60 level so this confluence should act as a magnet for price moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
Note Added 2/22/11: Hours after posting this chart, the island reversal occurred and price dropped down to the 50 MA.
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