The main indices continue to be flakey so let’s focus on something that was so obvious in our trading language that it stuck out like a sore thumb:
GS
It’s back to one of our old favorites, GS. Here it is on Monday. A bearish flag consolidating just above $98 and very negative OVI. A break below $98 gets us in short.
The break occurs on Wednesday and down we go!
How do we find these trades? Well this was just in the Private Traders Club OVI Charts area. We didn’t even have to scan for this, it’s just part of our 10-minute per day workout. Just link to the PTC OVI Liquid Stocks – 10Mins area and run through the charts to see if we have a pattern that conforms to our expertise.