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Jeff McClure
Post count: 122

Watch those earnings with the other FANGs next week.

Also, price is at the lower boundary of a multi-month flag / trading range since last earnings but it has technical pressure to the downside on the daily. Conflicted?

Monthly…still up but momo is trying to fade.

Weekly…momo is down and grinding sideways….definitely trying to turn the monthly.

The trade was this week. The triple top peekaboo on the 60 above the high of the multi-month trading range with indicator divergence in the direction of the daily was one great trade location. My observation has the luxury of hindsight but if one was watching and had a firm grip on MACD principles it was certainly available. $172.50 puts which expired yesterday went from .05 to 2.50 +/-. That werks!

Good luck. Thanks for posting.