I commence with my gratitude to The Ultimate Knower
LULU, has completed a certain price cycle, from which it has declined before, therefore, if history stands correct then, LULU is very highly likely to retrace, a good short trade. July $115 or Aug $105 could be a way to do it.
1 comment:
Thanks Mr. Syed,
Looking at the daily and hourly chart of the S&P, do you find the pattern a bit odd in the sense that it hasn't retraced that much since the run up to July 1st?
Would love your thoughts on this and any forecasts.
thanks again.
Patrick.
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