Breakout and Re-test

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Breakout and Re-testArrow Electronics, Inc.BATS:ARWpardisThe macro trend remains strongly bullish. The price recently broke above a major, long-term ceiling around $230, and the pullback over the last 3 trading days looks like a healthy re-test of this breakout zone. The Strategy: I’m waiting to see how the price action reacts here over the next 1 or 2 days. • The Setup: If we see a solid bullish trigger, like a strong green daily candle confirmation, it opens up a high-probability long opportunity. • Risk Management: The invalidation level is very clean—a tight stop loss right below this $230 support zone. If the price breaks down and fails to hold this level, I have no interest in chasing this trade. Let the market show its hand first. Good luck.