Whole Foods Market is a beautiful looking chart, they continue to impress me, especially since the average person probably can’t afford to shop there. I think we could see WFM near 105 within the next few months or sooner. There isn’t really anything technically wrong and nothing really stands out about this chart in terms of trend reversal. I like it.
I want to get in on the action and the best way for me to participate is to buy a broken wing butterfly. For me broken wing butterflies have build in insurance just incase you are wrong in your directional bias. They can also be used to lock in gains and have a free butterfly on. As long as there is liquidity at multiple strikes broken wing butterflies are a great way to trade directionally.