SHORT $SHOPtrade idea by @guygentile

GU
Guy Gentile
@guygentile · 1h
0.00%
Ticker
$SHOP
Entry
118.82
Live
118.82
Kind
Quick call

We gapped up into $120 resistance and I'm seeing clear exhaustion on the tape as futures lose steam, so I'm looking to short a break below the five-minute opening range low. Breadth isn't supporting this extension and I expect a mean reversion play toward the $115 level as the initial squeeze fades.

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