MA is an official trade “Set Up”. Official trade ideas are either posted directly as an Active Trade or first as trade setup, which is usually a stock or ETF setting up within a bullish or bearish chart pattern that has yet to trigger an entry on an objective & pre-determined buy or sell signal. In the case of MA, that will be any move below 228.00, at which point MA will then be an Active Short Swing Trade.

COF (Capitol 1 ) also looks to be coming off the 09 backtest line as well. Thanks for the detailed response on the MA chart Randy. Are you going to be posting this as an official trade or do you want me to keep an eye on it for you?

Agreed. I’ve been eyeing all 3 of the major credit card companies & all look to be setting up for the next leg down: MA, V & AXP. I went with MA today since it is close to the bottom of the wedge plus it also has that decent horizontal price support just below as well for a double-whammy if 228 gets taken out.

V has a comparable uptrend line plus 150.00 as key support which comes in just below the TL. AXP already starting to roll over following a recent failure at a double-top high.