Not overbought but acting rather Bearish. Took ten spreads Fri 13 Aug, in for net debit $4;
look for retest of support at 210-215 and the 200 MDA.
Might get a higher low; might just tank off. Serial rejections from $224 price on ETF over past weeks.
Kept expecting it to break higher but they sell every rally. Bearish until proven otherwise IMO.
Trade at ur...
