vlad.adrian
Short

Airline Index - Momentum short trade

INDEX:XAL   Airline Index
54 0 3
As it says on the chart, the stop loss should be very tight because this is a bet on momentum . Because this is the first lower low, there are chances for an over extended move down. This was one of the worst hit sector today.

This is not a trade that's worth a big risk.

Weekly doesn't say much, only that price is not over extended like in 2011
snapshot
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