SYF looks to have completed a distribution and is headed to the downside, with yield curve flattening and global growth slowing its easy to see financials lagging too
Transaction en cours:
It looks to be going through the typical backing up action (in wyckoff theory) and is staging a bull trap. Good place to build the short with a stop at 45ish.
Commentaire:
Surprised at how well this is holding up - most likely this is due to the Russell staying up but the short should remain. We have macd divergence now.