XLV Bearish Divergence - Short/Neutral Outlook
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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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.