Reverse head and shoulders, looking for a break and daily close above the down ward trend line. Target will be 45..40
USB hit a Weekly + Daily resistance today at 40.85 where I took September 40 Puts. Implied Volatility was cheap so I went with Singles. Also later this morning there was unusual Put volume that came across the scanner but I had already taken the trade near the open. Market Sentiment I find myself net short Financials going into this earnings season. That is...
Every single RSI high pivot matches up. It's remarkable. Just wait for the RSI to move a little bit higher until it hits resistance, and then short.
If u trade less and observe more your chances of making money is very high. Just train your eye to see what is going on rather than focusing on trading too many trades which even if you are right most of the time you will end making very little gain but help your broker make the most out of your trades. If you want a real-time alerts try www.2waytrading.com
Short $USB target $37.50 Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving Average Bearish 50 Day Moving Average above/below 200 Day Moving Average Bearish