Bottom-fishing bulls have had a rough go of it with the major casinos in recent months, with virtually all of them staging major breakdowns.
On this final day of the month and quarter, note the likes of Wynn Resorts staging sharp upside reversals.
A counter-trend rally could easily be in the cards in the coming weeks. But when we see the broken major support trendline (light blue) it is likely to only set up the next big short trade for these busted charts with declining 200-day moving averages.
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