IvanLabrie

X: Massive top spotted

Short
IvanLabrie Updated   
NYSE:X   United States Steel Corporation
We can enter shorts in any way you prefer here.
Stops should be above 18.89, the rest is up to you, can be an options play, or shorting stock.
Targets are a retest of 12 initially, but I can see it hitting 7 in the intermediate term.

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Cheers,

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Comment:
Free falling.
Comment:
Monitor the reaction to 12.25 once we're there. We should see steady downward momentum for at least 4 more days.
Comment:
And I'm free, free fallin'
Yeah I'm free, free fallin'
Comment:
First target hit practically...maybe reduce exposure, or hedge it by going long AUDUSD/FXA perhaps.

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