If MSFT follows the pattern of the prior consolidation period/uptrend angles and timelines, here is an estimated price target objective and timeline.
Shorting $TLT $136 Target TLT Sep20 $138 Put @.05
Note Weekly SAR position to flipping bearish here with not much in way of Daily support. I think we see a huge reversal to the downside here with US10Y reversing to the upside.
$SPY October Target | Oct18 $330 Calls @.02 |
Same set up from the formation, earnings report, Trump/China tweet as back in May. Anyone think the move is the same?
$SPY 4 hr Chart Set To Close Over $300 IMO
Ive been watching this struggle to get back inside the reversal trend. Feels like we see more downside.