MMM trade ideas
MMM correction.MMM is in a very well defined uptrend and is currently overbought according to support and resistance and stochastics. Am waiting for a dominant bearish candle and/or the stochastics to cross below the 80 line.
Options: sell short, call credit spread, put debit spread, buying a put.
$MMM: Bear Flag SetupPay close attention as the .886 must continue to hold as resistance. If this level fails to hold resistance, get long.
Short term short targets are the .618 and .50 fib levels posted.
