Earnings Play for LMT 1) Under all EMA's except the 200.
2) Approaching trend line with selling pressure
3) Lower High formed in most recent movement
I would be short on this with caution of the 200ema Target of 473 for tomorrow based off point of control of volume profile
Nota
This is why I dont play earnings! This thing ripped today! I was totally wrong on this one Whoops
Nota
Would of went thru some pain here, but ultimately this play would have worked out. I was just early on the short. I would classify this as a textbook "Fakeout"
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