Chart help please. Looking at DRI chart. Price is just below (.80) the high of the year. RSI broke 80 5 days ago, broke below 70 today, money flow,,,,down, momentum headed down, stochs crested yesterday, heading back down. I had expected this to start retracting rather strong. And there is a gap to backfill down to 29.90. However yesterday rabbit run took every thing up with it. as would be expected. Today it closed down $1.76.
Technically is it still reasonable to expect this to at the very least to go back and fill the gap at $29.90? If not well into the mid $20.00'S.
Still holding april putts, both $25 and $30
Thank you for any assistance you can offer.
