Few Short oppurtunities

Today's update will be short. Market is resilient, divergences are forming all over but there is nothing bearish in the price structure. DOW transport made new high thereby erasing DOW theory non-confirmation. I think there is correction in cards but there is nothing remotely bearish in price structures of major stocks.

FCX Daily: Break of support (Green Line on chart) should trigger a good short entry. There are divergences, volume pattern looks good and Friday was a long black candle. I have highlighted the price target on chart.

AGU Daily: There are divergences all over, looks like a wedge, little early to say. Break of 50 DMA and support line should trigger a good entry.

X Daily: Another wedge like structure with divergences all over. This is on my watch list for possible short idea.

In the interest of full disclosure, last week we shorted FCX and AGU. It was aggressive at that time but price structures were compelling enough for me.