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Sunday Prep 7/25 - $PSX Short

Short
Phillips 66 (NYSE:PSX)  
TrueTraderOfficial  
NYSE:PSX   Phillips 66
Trend Analysis Chart Patterns Technical Indicators sunday-prep PSX sector-weakness shortsetup
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trendanalysis chartpattern indicator sunday-prep psx sector-weakness shortsetup
Hmmm, now where have I seen this name before? Oh, that’s right! It was from our sector analysis earlier where we identified the relative weakness. With an ATR of 2.6, any hard pop back into the 200d should offer a nice opp for a fade. Would even consider leaving room to add at the quarterly pivot at 75.32.

TV chart link:
snapshot
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