This is another contrarian short setup developed from today's market action. We cannot expect anything less than this after the wild market rally today.
Yes, the markets are rallying, but I am skeptical.
Positive Bullish Stories can be built for each of these, DIS - may start seeing traffic, Lulu should see more customers with Gyms on the verge of opening and +ve earnings.... etc.....
But, The setup is a setup. Its a High probability fade setup. Expecting a Consolidation for this run. Will it happen? May be not.
Everything comes down to how to enter manage your trade. I may NOT pick these up, because I have many short exposure. Infact will be hedging with Long positions.
Yes, the markets are rallying, but I am skeptical.
Positive Bullish Stories can be built for each of these, DIS - may start seeing traffic, Lulu should see more customers with Gyms on the verge of opening and +ve earnings.... etc.....
But, The setup is a setup. Its a High probability fade setup. Expecting a Consolidation for this run. Will it happen? May be not.
Everything comes down to how to enter manage your trade. I may NOT pick these up, because I have many short exposure. Infact will be hedging with Long positions.
Nota
Nota
TMUS - No Entry. Setup IgnoredNota
LULU has not triggered me in, But I am just surprised how it keeps rolling higher. Apparently we all need more yoga pants!!! :DNota
Out of DIS on this batch
Uday C Santhakumar
udaycs.substack.com/
udaycs.substack.com/
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Uday C Santhakumar
udaycs.substack.com/
udaycs.substack.com/
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.