Potential short play on a pulback to 157. Coupling the rejection of the upper bound with a gap to the 0.382 fib retracement, along with the divergence seen on the Klinger and the RSX, it could provide a nice short entry. Extremely overbought on the weekly chart as well, this has the potential to be a nice short play
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.