I am looking at possibly shorting M&R from current levels. There is a negative divergance looking at the Stochastic and RSI. The 200 day is also looming above as well as resistance at around 4280. Whatcha think?
IMO MUR has been trading sideways to up on the weeklys. If you trading the channel yes it is hitting resistance so could come back off that but i would rather wait for a long at the bottom of the channel around 4000 than taking the more riskier short option.