Watch that 3.40 area for a long and/or 4.00 break out of this wedge.
Lookin at Puts on Costco at 152 if it retests that resistance price for a pullback to the 145s
Looking for crack of 86.56 to trigger a short position, target 85s ideally 84s.
Best Buy posted news it's closing down about 65 Future Shops in Canada, which will turn out to be a big hit on their balance sheet. I'm guessing we see a nice gap down Monday, Levels I am eyeing 36 (Pink Uptrend Line) 34/35 area 200 sma. If it does reach there in a panic situation I am interesting in buying Calls for a day trade.
Ascending wedge setting up, watching for 6.40 area break, CMF flip, RSI bounce off 50, Accumulate around 6.00, Target 8.00
Got this idea from Nate @ Investors Underground. Love the setup. Please see chart.