Looks like we're facing a distribution trading range.
Double top I believe constitutes as a "Failed Rally" which would put us at Phase D.
If this is the case, then I'm expecting a major SOW to develop.
We might be
Looking for my AZPN SSRD chart... to follow.
Will health care be strong during the potential draw down in the markets?
Day traders would know what to do with this short opportunity. Longer term maybe a little down side..
It's out there so we will see..
Sector has been hot for a while. Its time for either a pull back or consolidation so the plan is to sell a call spread.
Bearish Divergence on the momentum indicators. Once the daily RSI is pointing down ward, this will be a great opportunity.