A simple risk-reward short setup in DDS. Despite very strong retail sales data, the trajectory is unsustainable.
With higher rates on the way, the market is spanking retailers as more money will go to service credit card debt
rather than consumption.
I have had DDS on my short radar for a while now beside the euphoric one more push higher nothing has changed
for me fundamentally. I still see it going lower.
Wait for the trigger
With higher rates on the way, the market is spanking retailers as more money will go to service credit card debt
rather than consumption.
I have had DDS on my short radar for a while now beside the euphoric one more push higher nothing has changed
for me fundamentally. I still see it going lower.
Wait for the trigger
Komentar:
Bearish flag forming that will likely trigger the trade.
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DDS short is about to trigger breaking down from bear flag
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Short has now triggered as expected.
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Excellent move lower as expected
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DDS new lows
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KABOOM! As expected. New lows.
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DDS Breaks $300 as expected.
Another great call!
Another great call!
Komentar:
Bear flag in the making
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Retail sales came in weak as DDS has been signaling for a while now.
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Getting ready for the next leg down
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New lows!
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Retail sales growth came in weak again. But we knew that from DDS so,...
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had to wait for it to fully form before posting. Another bearish structure another CRACK! As expected.
Komentar:
New lows
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