C9F trade ideas
[Long] CMG bull flag backtestRecent breakout of a larger bull flag has resulted in a consolidating bull flag above it. It also somewhat backtests the larger bull flag.
Small long with two 750/760 call spreads. If the market continues to move strongly and CMG bursts above 760 it should be about a 3-4x gain.
CMG Flag BreakoutCMG has been consolidating with a flag range, it has now tested the upward resistance at $721 four times. I'm playing for a breakout to the old highs at $745-750 range. All the moving averages are now curling up under, which is what you want to see on a potential breakout. Looking for 4-5% profit. Entered at $714.
