BX is once again respecting the limits of the regression channel, setting up a perfect short entry here. In addition to the anticipated move down, we know BX has been struggling in this high rate environment, and paused investor redemptions previously.
Price was FIRMLY rejected at the Point of Control (POC), trend has gone from green to yellow, and the 9 ema has crossed below the 20 . I expect price to pass the mean of he regression at $78.85, and test from underside, before continuing down to the lower channel line.
Sell call spreads above the $99 mark or buy at the money puts, April regular.
Price was FIRMLY rejected at the Point of Control (POC), trend has gone from green to yellow, and the 9 ema has crossed below the 20 . I expect price to pass the mean of he regression at $78.85, and test from underside, before continuing down to the lower channel line.
Sell call spreads above the $99 mark or buy at the money puts, April regular.