Financials, bonds, and brokers are teetering on the edge of new leg down. SCHW is down 5% today and the Oct 20th $55P is up 90%. No guarantee it will continue, but entering into a seasonally weak period and with patterns and a fresh trend model sell signal, a good risk:reward set-up. SCHW - Daily SCHW Oct 20th $55P (2.45-2.49) Target: SCWH --> mid-$40's $55P > 10.00 = +300% Stop: -50% Trailing
