ORCL Forecast 6/13/16

201606.13
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Oracle Corp. (NYSE:ORCL) failed to produce a high odds entry scenario. In fact, it entered our previously identified reversal zone (Ivory box) and reversed right on cue…BUT, without any power to drive price up for a profitable resolution. This experience is the norm for the vast majority of opportunities we discover. For every trade that is fully qualified, we have to sift through many, many trades that are likely to set up and fail rather than follow through.