The target to open/add to PCLN short has been >$1200, with the range nearby this level has been standing out for well over a week, I haven't wanted to touch it with that level so obvious.
Today's tight range has seen some distribution, but I just can't imagine PCLN will see serious downside before that $1200+ area is hit, it's too juicy a target, there are too many reasons to hit it.
PATIENCE
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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