Peloton officially VOIDED its bullish pattern.

Update from yesterday's PTON chart analysis:

Peloton has officially broken its upward climb with a fall under the 125-126 support level.

Although I like this as a long term investment, the short term is looking like a sideways/downward trend.

If you plan to play calls, I would look for end of year expirations.

Peloton can benefit from the winter months if COVID cases surge, gyms close but for now I think the ceiling is 136-137.