TJX CORE Short

TJX is the EXACT same concept as NFLX below

The Trend Channel already stopped TJX out so there's been a significant enough change in character to warrant a primary trend reversal. The best thing is, TJX is another position that will come to us, this time the alert is ABOVE $54.66, it may be $57 or $60, but that's the minimum level it must cross and it's getting ready to do that.

This is also a CORE short, full side equity short in my view and a strong one at that.

 The Trend Channel (my custom stop / trend following indicator) self-adjusts to each stock's own personality, during all of 2013 TJX never once stopped out with the TC until the red arrow, that's a significant change in character, I use to exit there no matter what even though I knew there'd be more upside, the upside was just too dangerous long.

 That simple indicator I gave you yesterday even works here on a 2-day chart with a long and negative divergence like RSI or 3C.

That would be a 200-day moving average, the next move to it I think will see it break and traders go nuts over the 200-day.

This is the head fake area, we need to see price above this area and this is where we are likely to find the best entry, lowest risk and even better signals.

My Trend 3C removes all the noise to give a clear picture, you can see the recent change clearly on this important daily chart.

The 2 hour shows more detail and an ugly top.

The 10 min and the head fake range we want to see price above in yellow.

The best news is that the 5 min chart is set up, this one is coming to us where we'd expect and when we'd expect, this is letting the trade come to you, I think it's the best entry, the highest probability and lowest risk. I'd set an alert reminder for TJX > $54.75