A very obvious distribution pattern (we all call a H&S
top) and a clear downtrend, but it is right into support from the last KEY HIDDEN LEVEL - EARNINGS
SUPPORT and furthermore, earnings
are due shortly.
So, If we can see 51-52 to sell against AND earnings
are out, then I would go for a short for a 49-47 target and risk $1-$1.50 from entry.
Tim 9:52AM EST Monday, January 26, 2015