6/24/15 Possible falling wedge. Should pop bullish.
Edge (as of right now, I agree to be more bearish than bullish). However, PCLN at the 100 SMA on the the weekly and the 200 SMA on the daily. High chance this spread expires worthless.
1130/1125 this week! .50 limit
I will only look at this spread if PCLN closes below 1140 on the daily. 1135 is still a pretty strong support. Likely won't unravel this spread, probably just exit. Getting a few black candles, so if PCLN gaps down not tons of people trapped...
Edge (as of right now, I agree to be more bearish than bullish). However, PCLN at the 100 SMA on the the weekly and the 200 SMA on the daily. High chance this spread expires worthless.
1130/1125 this week! .50 limit
I will only look at this spread if PCLN closes below 1140 on the daily. 1135 is still a pretty strong support. Likely won't unravel this spread, probably just exit. Getting a few black candles, so if PCLN gaps down not tons of people trapped...
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