Short $HD into earnings

١٧ يناير ٢٠٢٠

We got a live block trade today at about 9:34 AM EST. I am thinking of a short here as it looks like a buy capitulation is underway with the rest of the stock market after the #CHINA and #USMCA vote.

١٧ يناير ٢٠٢٠

ملاحظة

Backtesting the big Weekly ATR Stop also here. This is the standard short after the ATR trend flips to bearish (red).

١٧ يناير ٢٠٢٠

ملاحظة

Big block trade today near the open, we are above it now. Usually I would say continue buying since the price reacted bullish to it, but I am inclined to call this a distribution block.

Stock Blocks
📈 HD
📊 576,955
💵 229.09

٢١ يناير ٢٠٢٠

ملاحظة

Tagged 78.6% retracement and weekly ATR stop.