IBM on the longer term is bullish
however it is loosing momentum and setting up for a
short. It needs to take out this fractal for the setup.
According to Bill Williams when price is below the Jaw balance line
it is easier for it to fall. This weeks candle looks ominous for the bulls.
Will sell call spreads above for safety rather than buying puts or debit spreads. It will also allow me to Condorize it with an Iron Condor to collect more credit
however it is loosing momentum and setting up for a
short. It needs to take out this fractal for the setup.
According to Bill Williams when price is below the Jaw balance line
it is easier for it to fall. This weeks candle looks ominous for the bulls.
Will sell call spreads above for safety rather than buying puts or debit spreads. It will also allow me to Condorize it with an Iron Condor to collect more credit