I want to make this short and sweet. Smart money is simply not buying here.
Let's take a look at the RSI level on the 4 hour chart. I have circled every area that the RSI has been at these levels in the past.
See the correlation of price action shortly after. Sure I am a long term bull and the March dip is over.... but we ripped a little too far too fast.
This formation is yet to let me down.
Although there is a strong amount of resistance at the yellow dotted line above. I think that will only make it fly further once we break it.
Earnings are coming up... sounds like a good time to bust down walls.
-NOT Financial Advice