Price tried to test the broken uptrend twice but it's been rejected even before getting there the second time. I don't think is going to try a third time.
Trade active:
Just bought some puts. Very risky but price looks weak.
Trade active:
Well it made it to the resistance. Just opened a short position.
Trade active:
Just added to my short position:
Trade active:
I still think this one is going to drop but it looks like is going to test the $120 level first:
Expire 05/26 Strike 116
Expire 05/26 Strike 116
Trade active:
The $120 is a sellers territory, last time it touched it was rejected aggressively. Next week could be bloody.
Comment:
Check the inside bar, this means that it could open with a gap down one of this days:
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If I wasn't short already I would buy a ton of puts:
Comment:
Well, is closing the week with a nasty weekly candle. Still holding this short and about to buy puts the next: