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ridethepig

Overbought rally into resistance ... good time to be a seller

Short
Marathon Petroleum Corporation (NYSE:MPC)  
ridethepig Updated   
NYSE:MPC   Marathon Petroleum Corporation
Trend Analysis Chart Patterns Beyond Technical Analysis MPC marathonpetroleumcorp marathonpetroleum Crude Oil WTI Oil cl1
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trendanalysis chartpattern beyondta mpc marathonpetroleumcorp marathonpetroleum usoil oil cl1
Shorts are being squeezed with a small bump in high vs low beta.. here we are tracking an overbought rally into resistance, in simple words it is a very good place to be short.

Attached below is a chart showing performance relative to S&P, we are failing to break out which is screaming alerts to start unwinding longs as we enter into the big trade discussion weekend.

Best of luck all, the move to the downside is going to be massive.
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