ESH well overvalued, page-22

Current chart shows SP could not advance the 23% Fib resistance. If SP drops to 0.017c (50% fib) it will indicate a moderate strength retracement/downtrend, any lower is hot water and the gap is on the radar. MACD/RSI- showing early signs of momentum loss and may indicate the beginning of a downtrend. The Low volume is not healthy. The end of the week should give us better confirmation whether we are in the beginning of a downtrend IMO.