2 ways I see to play this ticker (yes, that’s slightly punny). 1. Short a pop back into the underside of the quarterly pivot/50d/monthly pivot area if it can shove up there quickly. 2. Wait for a break below 166.61 and then look to join trend.
If we lose that 161.33 low, I really feel like this has the ability to come all the way down to retest that 140 breakout level from way back. Make sure you understand when I discuss these bigger moves, I’m not referring to near-term, but more likely to take a month or 2 to play out.
