Short
ITUS - dead cat bounce, now fade it
Seeing a second dead cat bounce here as a volume surge came in midday Friday. This midday action can be profitably faded >50% of the time. Previous dead cat bounce on 2x ADV failed. Suspect this will too. Could see an initial spike on the open would look to short more at the 2.40 mark for a fade down to 1.80ish
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.