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BallaJi
Sep 6, 2023 3:45 PM

UPS looking DOWNS Short

NYSE:UPS1D
United Parcel Service, Inc.NYSE

Description

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Nice head and Shoulders on the United Parcel Service

#UPS and FEDEX are the new dow transport indicator.

An underlying determinant of how the consumer is faring

Since the US is a consumer economy and Online shopping is the majority of retail

if we see new highs on the Indicies, and the home delivery carriers continue to deteriorate

it would give your non confirmation Top

Similar to Dow theory of new High's in the Industrials , but the transports lagging and indeed falling.

Trade active

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Smashed the neckline

Big gap in price activity $125-$135
expect it to be filled

Trade active

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UPS is falling apart!

Comment

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Looks like a #HVF
Chart PatternsHead and ShouldersTrend AnalysisUPSunitedparcelservicefedexecommerceeconomyretailStocksdowtheory
Comments
MyCryptoParadise_Nathan
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Great observation on the head and shoulders pattern for #UPS. Your point about UPS and FedEx being the new indicators for consumer health is spot-on. It's a modern twist on Dow Theory that could signal market trends. Definitely keeping an eye on that gap between $125-$135. Thanks for the insights! 📦
foreignPepper36603
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So calls !
BallaJi
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@foreignPepper36603, wait what? Call OPtions?
no Put Options ... if price goes down u wanna buy Puts or write/sell calls
foreignPepper36603
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I’m bullish on it
BallaJi
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@foreignPepper36603, oh okay fair enough. Thats what makes markets .... I see the major formation Head & shoulders and see bit of turmoil ahead . But sure may back fill that breakaway gap that it left behind ...
foreignPepper36603
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Trying to get as close to the support of 154-156 long term call options pe value equals 225$
BallaJi
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@foreignPepper36603, what if the e in the PE contracts ...
Robinsmagicshow
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Looking good now!
BallaJi
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@Robinsmagicshow, yup , plus look at that gap! :0
foreignPepper36603
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Look at the gap that’s upward or the downwards?
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