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Some of you might remember I’m already short Brinker International, the corporation the runs the Chili’s restaurant outfit (home of superbly microwaved prepackaged fare). This massive topping pattern isn’t done yet, but it’s looking better all the day, so I just increased my position. What’s the measured move target price? I’m almost embarrassed to say, but it’s $22.65.
Well, not much happening before the open this morning. As I’m typing this, the ES is up a tiny bit, the NQ is down a tiny bit, and traders the world over are bored a tiny bit. All the same, I remain laser-focused on crude oil, which I think is the most important chart cooking. The goal remains the same: break that wedge.
