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nexxtrade
Mar 1, 2022 7:38 AM

Head & Shoulders on $SWK weekly chart Short

Stanley Black & Decker, Inc.NYSE

Description

Head & Shoulders on SWK weekly chart

- H&S formation on the weekly
- Broke down from support
- Passive income ? Cheap gets cheaper
Comments
anothernic
Nice call; I hope you played a position in it.
nexxtrade
@anothernic, Thank you ! Small short positions. Hope you did too!
anothernic
@smellypipi, Actually I was looking at entering it as a long about when I noticed your idea, and it did keep me from going that route, so I at least didn't lose anything ;)
nexxtrade
@anothernic, its jun 2022 now. you saved alot of cash from entering long back in April
anothernic
@smellypipi, Indeed; this market is rough, and while like 2/3rds of my cash are on the sidelines debating when we hit bottom, the remainder is in short positions. I fully expect SPY 330 or worse before EOY, and so far that play has made up for all of the year's losses and then some. Thanks again for the good charting :)
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