2-Day OHLC 5 Minute chart MACD and EMA (9) coming down from nose bleed levels toward neutral/base line (0).
Divergence below baseline.
RSI (14) heading south!
Were going lower for the moment, where's the cliff?
I am feeling crushed by the big move up, but I expected it, but still feel uneasy, somewhat.....
The shares are overbought, the RSI and stochastics show point me to retracement .....
And the shares always run up to the 23.6% FIB and retrace.
We are right there!
I never short shares with the theoretical opportunity for total loss, but I am loaded up on September PUTS that I believe will drift back toward the money and I can cash.
On the other hand I an prepared to loose the premium should I be wrong!
Trust me I am not always correct in my trades!