Short-term short trade is initiated @ 233.00, with a tight stop 233.45
Reason: hourly stochastic turning down from overbought / 233.41 failed on initial test, with nearest resistance was 233.67 60-day MA.
Comment: this is a high-risk trade. Daily stochastic are still pointing up and correcting higher, and first resistance was not tested @ 233.67 which is the 60-day MA and hourly 50 MA as well.
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