Why do you say that the indicators are bearish? Looking at the Stoch, every time the blue line approaches the orange line from below, the stock gone up. It looks like the blue line is about to pass the orange line from below again. Likewise, the MACD has already turned upwards.
Stochastic cross the 80 Overbought level plus the MACD crossover and heading toward the zero line. However, I would wait for confirmation before getting bearish. Plus, the 213 resistance level must be cleared for the Bulls. Currently, this is Wave 5. Price action could consolidate here for awhile.
Yes, but how much more can this ETF go? What's your thoughts? If you drill down to the hourly chart you will see two overhead resistance levels that must be cleared for the bulls to continue to be in charge.