Let’s take a look at the market. So, in yesterday’s video we were talking about Tesla (TSLA), and it’s working.
Now we’re going to look at L brands (LB) which gapped up today and could potentially give us a bracket trade. Since tomorrow is Friday we’ll need to get some cushion in to hold it over the weekend. I don’t really like holding new open positions on Friday, so you might have to wait until Monday. Just make sure you’re paying attention to it.
There is a potential long above 40.03 and a potential short below 37.62. If it trades below 37.62 it will probably drop to about 35.69.
Good luck, hope it helps. See you on the next video.
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