Financials Trending Lower And Lower…
Sponsor: StockTraders HQ
It looks like the financials are testing support here. All we need is some volume to spike higher on the breakdown and all hell is going to break loose. If you’re bearish like me on financials, this might be your chance to load up on the short side. Setup your alerts at the support lines and be prepare to take your shots. Here are some of the charts to show the trend lines:
- GS short @ 158 with stop @ 163-165
- MS short @ 28 with stop @ 29.25
- WFC short @ 25-26 with stop @ 27
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