AcornWealthCorp

XAR- Short from current levels to 51 area

Short
AMEX:XAR   SPDR S&P Aerospace & Defense ETF
XAR has lots of weakness, it is in a weak sector & moneyflow is very weak, and the overall market is weak now. Moreover it has a lot of insider selling. On the technical side it is forming a declining neckline head & shoulder formation.

Overall it looks very good short.

You can check our detailed analysis on XAR in the trading room/ Executive summary link here-
https://www.youtube.com/watch?v=44Pi2q4h...
Time Span: 3:00"
Trade Status: Pending
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