XLF WEAKNESS / JPM SHORT AFTER iH&S RALLY Clean trendline touch. Not going to catch a bid here. Inverse Head & Shoulder typically rallies to 786 retrace- which coincides w/ upper trendline. Great short opp. Options could be used to gear up on JPM, or, buy some puts on the XLF if you can't afford it. Would be looking to buy premium here, not be a writer..IV is...
XLF WEAKNESS / BRK.B H&S TOP Straight-forward H&S top.
BRK.B has followed the market higher since Feb 11th, I am setting alerts early. We will see if the market correction since the beginning of 2016 was only a dip to be bought, or an early warning sign of a bearish trend unfolding in the months to come. Similar health checks can be done with SPY:IWM, COPX, FDX, TLT, HYG, FXY, UVXY.......