Visa Fell Out of Bed

V broke below its rising wedge today which, for some stocks may occur easily; however Visa is considered strength and not easily taken out by shorts or news blips so when its Slow Stoch dropped below 80 on the Daily, it became a *watch* for me.  Today on USD strength and overall market weakness, V continued its selloff breaking trend line support and closed down 2.6%.  One could say *so what, it had a down day* but take another look.  Not only was there negative divergence where MACD was dropping while price rose, but check out it’s upper Bolinger Band.  It’s turned down.  Bearish folks.  We may have a true reversal on our hands.  A short with a stop above todays high would be a good bet here.

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