CMA trade ideas
CMA along with other financialsAfter a 5 up and 3 down and other 5 small wave up, we could be approaching the end of minor wave 1 of the 3 or C. Additionally, the chart also shows a HS pattern.
High probability trade with well defined risk.
Shorting CMA pre-EarningsGoing into Earnings on the 19th CMA touched a Weekly & Daily resistance level. I bought October Puts in the office but was called away on a home emergency (kitten in an AC duct, no joke) so just blogging at end of day.
Testing breakout...Time to get inCMA is testing the breakout...with tailwind of probably increasing interest rate. I think it is time to get LONG as lot of stops waiting to be hit between 47 to 48.5 which can provide good momentum.
CMAPrice retraced just .382 or the move off the Gartley on the weekly time frame. May find a little resistance here at the declining 50wma - but looks like price just broke out of a bull flag. Daily chart up next.
Lots of candles like this in Financials FridayShot up on rate hike dreams? pulled back cuz? Who cares why, follow through higher next week can be bought, else a false break out
