There are a numerous attractive short setups forming in the investment brokerage sector. ETFC (E-Trade Financial Corp) will trigger a short entry on a break or daily close (for those preferring additional confirmation in order to reduce the odds of shorting a false breakdown). ETFC does have the potential for a longer-term swing short trade if we get a bearish cross of the 20 ema below the 50 ema. By my best guesstimation, I would say that bearish trend change signal would come around the time prices move down to the T1 area (in which case I would likely hold out for T3). Targets levels are shown on this chart with the exact suggested buy-to-cover levels to follow. Stops to be determined upon entry. Static daily chart shown or click here to view the live, annotated chart.
