Trade Alert SBUX

This trade alert firing today is a signal day for Starbucks (SBUX) showing the start of a short trade. The weekly trend is already downward moving and has twice shown resistance. On the daily chart, notice the wedge pattern combined with a squeeze setup that could provide the required momentum for a larger move. Additionally, SBUX is down on what turned out to be a rather strong trading day. More details in the video below. 

Be sure to review the other stock trade alerts as I am scanning for new member trades each day. As always, please feel free to contact me with any questions or comments at anytime.