Materials Failure
My biggest short position (by way of August puts) is XLB, the materials fund. It is THIS CLOSE to a trendline failure:
(Click on image to enlarge)
If it can manage to crack the trendline, we’ll have broken that massive wedge. Then it’ll be showtime.
(Click on image to enlarge)
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
