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.
Comment:
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.
