The False Break is highly visible here, with struggling buyers trying to justify the big volume, but avail. Put a Sell Stop order under the price of 52 and take profit #1 around 50.5. If it breaks the round 50, then the SHORT is stronger, and a second profit should be made around the GAP.
Make sure to pay attention to the Volume as well when you consider buying. There is no reversal Candle in sight so far and the preview Earning showed strong increase to the stock. It's a potential long buy too.
Looking back in time and trying to predict the future might sound like a cliche, but I am wondering how many people really follow that pattern? I am sometimes wondering if the stock market is played and re-played by the same 'hot guns' and 'big market movers' to the point that you can't wonder BUT look at the past and predict the future.
Looking at the SPX500, in...