$SPY Financials in critical areaOnly a breakout above 27.96 and this can run! Again volume and ichimoku don't help for now!
MS trade ideas
MS Short swing trade idea7/2 MS Short swing trade set up. Closed below 50 SMA today. Short at the break of support in the 23.91-24.00 area, using the descending trendline to set a stop.
Could also short within the area of the trend lines with the same stop. That may be a little tricky since the 50 SMA could act as support if reclaimed.
1st target is top of the gap at 22.67. Next target is 20.77-20.95 zone. Full measured move target is 22.65, which is close to this support zone.
