Day Trade $133 strike price

I see NKE hitting $133 no later than Friday, however... Technical analysis shows we are due for an imminent dip and it will be a hard dip, here's why.

Strong sell signals indicated by guth 3x triple confirm, which has pretty decent accuracy

D+ showing a red cloud above the candles indicating strong bearish divergence

Resistance has just been met as indicated by the Kurutoga cloud ( teal cloud beneath the candles )

MACD shows weakening bullish divergence

RSI is also pretty high compared to its previous low

My plan is to buy at open, let fall a few dollars and sell for a quick 50% profit.

Comment your thoughts below