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 ridiculously low so protection is cheap!!
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 ridiculously low so protection is cheap!!