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MichaelMF
May 16, 2019 4:38 PM

AXP to the ground Short

American Express CompanyNYSE

Description

RSI Overbought-ish. Not a fan of where the MACD is right now on any time frame, however this trend line is strong. 3 rejections, 2 involving either wedges or triangles. One Dec fear sell off. Good chance this could burst through the trend line, but with June 7th 117 puts at $82.... Kinda hard not to take the side of the proven resistance. HUGE risk. Potential HUGE reward. Previous drops from this trend line have been around $10 minimum.

This is for fun. If you lose money on this that's on you.
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