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US Banks short Macro Trade

Short
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AMEX:KBE   SPDR S&P Bank ETF
If you´ve been looking around the U.S. banking sector you got to be depressed. Not one decent long setup. Sadly is that many of U.S. banks stocks are at a great discount at the moment. However they can get even much cheaper! So insted of going short in the majory of individual bank stocks i picked the KBE ETF. Could be XLF also. And the weekly TF presents a great risk reward opportunity. If we can get to see price rip to 46.4ish this week even better. A 3R and a 6R are perfect decent targets. If price does not gives the opportunity to sell at 46´s then the RR is lower but still a great technical trade.
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Transaction en cours
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