CME


CME is another stock I liked trading, but sometimes it was wildly volatile and since I traded options, the option makers really sucked for this stock. Won't go into why. Traders here are also disciplined & cohesive.

This is looking at its 6-yr history on a weekly period.

Just a few weeks ago, it was at 38.2% retracement, which is great. Now it's headed south.



Downside targets are 220ish and 170ish. It's had 6 days in a row down, so we will probably experience a few days of hesitation to test the 267 around. This was an area in the March & April resistances.

RSI is in a downtrend and way in oversold.

Volume is very strong bearish, as is MACD.

This would be a bearish play for me.
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