An obvious inverted head and shoulders is seen below on NRG, we tested the neckline on Friday and traded inside that range forming an inside bear bar. A break below the bar should give us a test of the 20 ema and a possible entry if that level holds. A break above tomorrow will likely result in a retest of the neckline. Measured move is approximately $3, looking for a quick swing from the 20 to above the neckline.
Trend line Break on S&P
Reversal Bar Entry off 20ema OR break of Neckline
NRG MAY 11 $21/$22 CALLS