Visa (V) is firing a warning shot for all to see today.
I hate trading off of aging trend-lines. There was a time in my life, where I could never pass one up. It seemed so secure, so dependable, and so easy to cash in on.
But like humans the older we get, the closer to death we are.
And in the case of Visa (V) it doesn't get much older than this. Since July of LAST YEAR, Visa has been trading perfectly off of the rising trend-line.
So today, when it fires off a warning shot after a court ruling on swiping fees, we finally see this stock dip below, well below the year-long trend-line. It has since bounced, but don't take it for granted. This stock is growing tired, and the tides are about to change.
Here is the Visa setup: