Remember ya'll as much as I like to be bullish in the market, I am married to neither side. I play the side that gets me paid! So here is the scenario, The market as a whole is in an indecisive area right now, I am going to wait until 290 to really determine if we are back in a bullish market (i view the market in a much shorter span as so called "investors") . As...
This is one really beautiful downtrend with lower highs and lower lows, I still see a possible short scenario here but price action does seem to be almost rounding on the Daily Chart if you step back and look at the big picture. With earnings coming up on 10/25, I'm going to be cautious playing WYNN in general but If we can snag a really nice short set-up here...
We are stuck in a range for a little bit here, Overall position is Neutral however the traders at SkylineTrading are shorting the topside green zone with naked puts and buying calls at the bottom green zone
I'm seeing an h&s pattern on both the daily and weekly time frames. I'm waiting for full confirmation and then I will take the sell down for a full completion of the right shoulder. I really see a move down to .8369 but I may TP at the points TP points listed. Knowing EG we might not see the full completion until next week (9/25-9/30)