Pure technical analysis during a fundamental period of time where market is due to correct.
RSI: 65.51 ( high ) near 70 which is extremely overbought and I believe we can see the RSI hit 70 today
D+: Sell signal!
MACD: Shows weakening bullish volume
3x Confirm: Close to initiating a sell signal
Plan: I see Capital one nearing $125 tomorrow before Fridays sell off leading to further decline the week ahead. I am giving COF 1 week to hit $122.
Will be buying puts.
RSI: 65.51 ( high ) near 70 which is extremely overbought and I believe we can see the RSI hit 70 today
D+: Sell signal!
MACD: Shows weakening bullish volume
3x Confirm: Close to initiating a sell signal
Plan: I see Capital one nearing $125 tomorrow before Fridays sell off leading to further decline the week ahead. I am giving COF 1 week to hit $122.
Will be buying puts.