markbrsz
Short

$WYNN potential short setup

NASDAQ:WYNN   WYNN RESORTS LTD
Monthly chart showing weakness with the trend bearish , price broke under the $100 round number and has support at key $90 pivot level which has acted as both support and resistance several times. Weekly chart is bearish making LL and LH as well as trending under the 200 weekly ema. The daily is trending strongly with several unfilled gaps down showcasing weakness. Waiting for a break below the recent swing low at $93.59 and break and close of key $90 level before considering a starter short targeting the $40 level. One to watch in the next couple of months!
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