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james0577
Mar 23, 2017 3:15 PM

Squeeze play Short

SPDR Select Sector Fund - Consumer StaplesArca

Description

the KC dropped below the BB line, and the squeeze is now in the red, looking for a sharp drop here. I placed 57DTE bear call spread risking 2 to make 1. I noticed this same pattern developing on the financial earlier this week (XLF), but hesitated and really wish I hadn't. So now its consumer staples turn.

The yellow box indicates profit zone for the options
Comments
pk29121976
very complicated chart,

u r watching lot indicators.



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