Daily stochastic is indicating the market is overbought 4Hr stochastic is indicating the market is overbought 1Hr stochastic is indicating the market is overbought Although the market is in an up-trend and it is generally against my ethos to trade against the trend, the price is hitting a resistance level which has been tested 4 times, and potential looking at a retracement on the fib back down to 0.236.