timwest
Short

Homebuilders ETF - XHB - Rally back to maximum resistance level

AMEX:XHB   SPDR S&P HOMEBUILDERS ETF
529 4 9
1. Overbought on CCI
2. Trend Indicator is in a downtrend using 2 month low in RgMov
3. Maximum volume level at $36.50 is maximum resistance here.
4. Large distribution zone could be in place if below $36.50

Time will tell.

It looks like a good setup here. Sell short if down on the day only and more if below Friday's low.

Tim 1:15PM Sunday 10/11/2015
Comment: Working nicely, holding down in a tight range here. Lower stop to breakeven.
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Looks like a terrific short.
+1 Reply
Great idea
Reply
monthly view sounds like a cup and potential handle
but well, price can break UP without me
snapshot

squeeze
on the way before major move
snapshot
Reply
Bingo.
Reply
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