[BKX] update

At the backlink I gave the model below.




Below left is actual, right is the model.  So it morphed into a rising wedge.  Surprisingly, it found resistance at the lower green horizontal which is the start of a gap.  It would not surprise me to see that gap filled before the actual peak is in per the red model left but it could also put in a significant show of weakness by purposely failing to do so.  This rapid spike, if it is retraced downward quickly and then you zoom out, will appear as a unicorn horn in the chart which is generally a sign of a peak of some kind.  You can buy puts on  BKX but the spreads are jokishly large .  Consider playing this short using FAZ or FINZ.