Top channel line should be watched closely as the 4 previous pull backs ended with a break of the top . With 3 of last 4 breaks occurring with large gap ups on the morning open.
The current top matches the following prices for the next couple days open:
Tue - 197.40
Wed - 196.60
I have a small put position opened from Friday's ramp and will look to close today. After that i plan to watch and wait, depending on action I'll begin to look for a small long position for what could be a strong back half of the week.