I think this one is going to be a nice quick move down to 70.42 or possible even down to 67.66. I really like this trade (assuming it gets triggered). I will only enter on a close.
That's a lot of tails right there.... Accelerated uptrend still intact
Poor looking chart, but with earnings Wednesday night, it will take guts to stay short. Watch the put volume early in the week for "tells".
Long Setup. Waiting for bullish closing candle above $66 to enter
Long Setup.Coiling inside bars . something has to give . expect bulls to win
The price of American Express shares grew 4 times the value it had at the beginning of 2009, the current trend is signaling some fatigue and we might witness a change. See full analysis on www.investazor.com or twitter.com
If the market breaks this range lower it targets the gap at 57.50.
Bounced up too off the long term support, let's see if it can make it to 61 again. Also, at bottom of shorter term channel