Both RTH (shown) and XRT show the same double top/head-and-shoulders top pattern on their daily chart. A short would cover above the last swing high (use an alert - not a GTC order). Target would ultimately be near the 100week SMA near $51-53. NOTE: You will notice that the 50week SMA has historically been prior support during the bull run.....which is where it sits right about now. Can't blame the weather anymore but I think the consumer is just tapped out - can't spend much more with crappy minimum wage jobs being created. Should be interesting.
You need to be a member of StockBuz to add comments!
You can't use this site and its products or services without agreeing to the terms and conditions and privacy policy.
Pardon our dust as this page is undergoing a facelift. Please report any difficulties you may experience during this phase. Contact us
You're welcome to add new charts and photos using the "Add" button found at the top/right.
- Be certain to give each a TITLE
- Select a category that best fits
- Select more than one category by holding down the "CTRL" key when selecting the second or third category.
- Add "tags" which best describe your chart so it can be located by search engines. (ex. Apple stock, AAPL, long trade)
- Since we don't charge for our trade ideas, please pay with a Tweet
Comments