XLV trade ideas
Bearish on XLVThe open interest (OI) on the 15-Sep-17 79.00 strike decreased by 20 call contracts and increased by 14,973 puts. The total OI for the expiration was increased by 14,920.
XLV (confirmed break out)?Might be a good idea to go long health care; looks like a possible break out? What do you think?
XLV swing trade (short) 7/27/17XLV trades technical so it is going to be a good play when it gains/loses MA/indicator support.
On 7/27/17, I found this chart. It is already set up for a fall... all it needs is to lose the 20 MA support. I am trading this on the daily chart and looking for swing trades only.
I'm looking at the price to get under the 20 MA and I'll trade between the MA's from there with tight stops. My first stop will be around $.50 above the execution price.
The MACD, RSI, and SQZMOM have turned down. I'm looking for a minimum of $1 gain and maximum $6.
Bearish GartleyBearish Gartley pattern Forming, Target price for D leg is 73.85. Hurst 40 Week Peak is expected 3/2017.
XLV - 2hrIn lower resistance region now, approaching prior resistance as shown with lower box. Need some big extensions to get back on track with the impulsive pattern I have depicted for wave 3.
I'm long 17Mar17 72 calls from avg 0.68. Hyper-aggressive. Trade safe my friends...
Sell until the gap fillsI think XLV fills the gap on Friday or Monday
Since we are in the green region as of writing, i think a tag of 69 before resuming down would be reasonable
