SHORTED FINANCIALS TODAY: HERE’S WHY

I took a mid-sized position in FAZ today. I have explained the trade from a price action perspective below. There are also reasons that go beyond price action, including current sentiment, potential news flow and seasonal cycles that are at issue here. I focus on price action because that is where I look first and foremost.

click chart to enlarge

BKX (FINANCIALS)


Author: admin

Share This Post On