This one has a lot of factors making it a good-looking short setup. First, you have a double top. Second, recent down days have higher volume. Finally, you have a gap down with LVNs that will likely get filled.
Note
Bounce right off support after the fed presser. A good lesson to wait for the break. Let's see what it does from here.Order cancelled
Obviously with this market, shorting is imprudent. Closing this idea but keeping on watch for market weakness. I think this one got bailed out by the rising tide. Something tells me this one will be revisited.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.