ETF about to Peak...At least that's what the past says.
Today could be a good entry for a short. 5 min/30 min chart shows Bullish Div.
Look at the past 5 years for this ETF. If past predicts future this stock is going to drop back to support under $86. Then there is the unusual options activity of 350 million dollars that one trader opened 40,000 contracts Sept. 86/81 put spreads. This is very tempting!
Let me know what you think.
Look at the past 5 years for this ETF. If past predicts future this stock is going to drop back to support under $86. Then there is the unusual options activity of 350 million dollars that one trader opened 40,000 contracts Sept. 86/81 put spreads. This is very tempting!
Let me know what you think.