Would Like to see a continuation in the sell off with Jet blue, the stock has become extremely overextended the last 12 months. Looking for a 12-15% pull back. Looking for that 38.2% fib retracement to come into play.
Plotted, are my details of the trade. I like BBY to the downside before their earnings report. I'd like to cover a day before they report with hopefully a nice gain. Immediate price target would be to fill the gap around 36.42. From there, I think it completes wave 5 of eliots wave and hits the 32.88 area.