XLB (Materials ETF) has been consolidating for weeks and looks like it's getting ready to make a move higher. With Squeezes on both the Weekly and Daily Chart this looks like a 'set it and forget it' type trade:
In a perfect world, I'll be looking for a pullback tomorrow where I can pick up the 58/57 Put Credit Spread:
Put Credit Spread
Sell 58 Jan Monthly...
