
Short Archer Daniels

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Although the earnings season is drying up, there are still some reports here and there of interest. One since yesterday was Shopify (SHOP) which pulled a total fake-out and has collapsed under its rounded top.

I’d say that’s about as far as it’s going to go, with a hard stop at 851.08:

I feel like it’s nothing but short ideas today, but I’m not sure what else to do in a market this insanely valued. Anyway, here’s another: Netflix. It’s approaching its dome top as well as its channel midline.
