NOW - Bearish Below 390NOW has a few options but in my opinion - all are bearish. The first is HNS which as we know has a heavy bearish bias.. the second option is a triple top and/double top depending on the next trading session highs. This is a great channel with consistent bounces at highs and I expect it to break to the downside below neckline support. Note the three cases of regular bearish divergence and low volume; this is a sign that buyers are exhausted and there is more profit taking than buying as the price has failed to breakout twice already and will likely fail again on low volume and weak sentiment.
