The Russell has been stubbornly strong with looming Government stimulus bill, but the trendline in place since the US election has finally been broken... I foresee a stairstep selloff in the coming weeks, simple chart, simple parameters. A close above the upper trendline would invalidate this bearish trade setup.
*Personal opinion + TA interpretation= not investment advice
Best of Luck!
*Personal opinion + TA interpretation= not investment advice
Best of Luck!
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Commentaire:
Opening very small short position although my original trading concept has blown up, the double top formation is highly likely given almost no volume. Will examine 3/19 215/205 put debit spreads friday