ITB (Home Construction ETF), which was initially highlighted at one of my favor sectors to short on August 4th following the bearish rising wedge breakdown, has just hit T3 (where it is currently trading in the pre-market session). Consider booking partial or full profits and/or lowering stops if holding out for any of the additional targets (T4 or T5, with the potential for additional price targets to be added, depending on how the charts develop going forward). Daily chart below showing today’s pre-market trading session with the white candle.
ITB daily Sept 25th