Whats up Traders
I posted on this one previously - if the day closes correctly, we will have broke support below a rising wedge / uptrend.
I love this ETF as a short or options put. Leading into the Elections - the tech sector going to come under heavy fire. . . Expect Threasts, Talks, Balks at serious regulation.
And that's my two satoshi's.
I posted on this one previously - if the day closes correctly, we will have broke support below a rising wedge / uptrend.
I love this ETF as a short or options put. Leading into the Elections - the tech sector going to come under heavy fire. . . Expect Threasts, Talks, Balks at serious regulation.
And that's my two satoshi's.
Comment:
Killed this trade - Looking to close out soon and TP's.
Comment:
A golden ratio retrace - to about 73.63 would be fitting after this leg down.
If it bounces at or around that level - i expect continued declines.
Disclaimer - we have taken profits on this trade already.
If it bounces at or around that level - i expect continued declines.
Disclaimer - we have taken profits on this trade already.
Trade closed manually
Comment:
This trade has been live for our premium members.
It has been a bumpy road, however, i am still very bearish on this, especially as an option, through November.
Primarily, I expect a lot of tech bashing during the midterms.
WE will also be looking at the charts of the newly minted XLC Fund, for options shorting during the midterm time frame.
It has been a bumpy road, however, i am still very bearish on this, especially as an option, through November.
Primarily, I expect a lot of tech bashing during the midterms.
WE will also be looking at the charts of the newly minted XLC Fund, for options shorting during the midterm time frame.
Related Ideas
XLK (Short)
WillNixTrading
about XLK