I’m reticent to say anything.
ULTA put in an ORL at the bottom of a move yesterday.
These are always Bear Trap levels.
If you like the name risk no more than today’s low.
241.60 is resistance.
The operative question is have we just put in a mid-week low?
Risk spreads have so far held.
I would treat it as such until proven wrong.
This would be the first sign of the technical model trying to turn back up.
I’m in no rush to do anything.