SIX - H&S pattern short from $53.67 to $40 area

SIX seems forming a head & shoulder in longer frame, and upward channel in shorter frame. Both suggesting a decline. Moneyflow was diverging & now broken down to the negative side. Overall looks a good short opportunity & our long term target is $40

On the option side we would consider $55 March Puts, last traded for $3.80


You can check our detailed analysis on SIX in the trading room/ Executive summary link here-
youtube.com/watch?v=JTheOhZI4Xw
Time Span: 6:30"
Trade Status: Pending