Mag 7 Support Break
We are finally seeing some weakness in the mag 7 today, I was beginning to wonder if it was possible for it to drop. Not only did it weaken, but it was a big fakeout to the upside and it broke below previous support on the way back down. I have trendline support it could bounce at below, if not, it has a lot of room to fall. This is assuming the sell off has legs and isn't instantly bought up of course.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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