Bucket 2: WYNN – we added to the position again

WYNN is looking weak, we added to our bucket 2 short position again this morning.

The head and shoulders pattern has taken its sweet time to work out but it it is now looking like it wants to resolve to the downside.  We took first profits at $126 and see that if WYNN can close nicely below $120 it may just gather enough momentum to slip as low as the low $90s at some point.  We will evaluate along the way.

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