SIX is forming upward neckline H&S formation. Still like this a lot as short, and we think it can decline all the way down to $42 For a entry we are looking for a break of $56.57 & we would consider $55 Puts, last traded for $1.85
* Trade Criteria * Date first found- March 23, 2017 Pattern/Why- H&S formation in weekly frame Entry Target Criteria- Break of $56.57 Exit Target Criteria- $42 Stop Loss Criteria- $60.93
Please check back for Trade updates. (Note: Trade update is little delayed here.)