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$PVH going down is this a sign for $XLY to follow suit$PVH is a company that brings you the brands like Tommy Hilfiger for example. I am looking for this to head back to the down side as we are starting to get into the new year. Bullish case: crossing above the psychological level of 70 this will make some noise as we are currently in high low territory. If there is a strong amount of support, it will retest 72 and 77 levels. Bearish case: My general thesis, after breaking this support that imbalance candle could lead it into 64-65 level before a retracement. With all indicators pointing to the downside here, I think this is the most probable situation.
NYSE:PVHShort
by JDTheGreat
Couple intraday setups for SE this stock has been hotThe context behind this trade is simple - it has upward momentum every time it reaches demand zones it shoots up. I found out SE on an options order flow website and it led me to be super bullish on the stock . Then I realized it’s similar to apple in a way considering it’s a consumer discretionary and tech bundled into one , also Singapore is supposedly the new Mecca of tech in Asia. Do your own DD but this is why I am taking this trade. I always read the tape before taking an entry , I exit when price action tells me to head out or after volatility ceases as I primarily scalp options intraday or on higher time frames if the opportunity presents itself , again this isn’t advice I’m just giving you an idea as to why I’m taking this trade . There are more than one ways to skin a cat and I hope someone else finds something different in this or it sparks a new idea. Let’s conquer these markets together. Cheers.
NYSE:SE
by sergiogurrola1