NKE market top indicator

23 Kas 2019

I think the market tops out when NKE hits ATH. It's a DOW component.

The alternative scenario is that it formed a H&S pattern and is headed for a gap fill. I'm inclined to believe the bull scenario, and short it when it hits ATH.

No position yet, just looking for opportunities.

26 Kas 2019

Not

Appears to be forming a pennant

2 Ara 2019

Not

Broke upwards out of the pennant, in the green on a down day. Look for at least a double top.

6 Ara 2019

Not

Looks like I was right, NKE gets a double top or new ATH....

6 Ara 2019

İşlem aktif

Open up a small position in next week's puts on the breakout rejection, double top. Lots of gaps underneath.

Plus my futures indicators are overbought, so probably a dip next week.

9 Ara 2019

İşlem elle kapatılmış

Bailed on this gap fade, doesn't look like the market's gonna tank today....