XLV Bearish Divergence - Short/Neutral Outlook
Updated
Sector has been hot for a while. Its time for either a pull back or consolidation so the plan is to sell a call spread.
Bearish Divergence on the momentum indicators. Once the daily RSI is pointing down ward, this will be a great opportunity.
Bearish Divergence on the momentum indicators. Once the daily RSI is pointing down ward, this will be a great opportunity.
Note
My bag of a call spread is no longer a bag :) back at breakeven and more downside consolidation more likely!!
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