RSI bearish divergence happening, the long term uptrend line is in jeopardy
First support around 115-116
Breaking of trendline means price will most likely look for 100-105
It's expensive, so i buy put options
After 6 months of sideways chop, Ameriprise shareholders seem to have come to a bullish current consensus. After breaking out early June, price pulled back to test the polarity principles. After holding price ejected higher with a measured move of around 10 bucks more, coupled with a rising MACD, bullish RSI, and ratio that is gaining traction.
SHORT - 4 to 4 1/2 month time frame, you can even scalp around that 1-2 zig zag level (certainly coinciding with markets next bounce from this selling wave into MA50 weekly). This trade is very good TA wise stoploss previous high.
