I don't see the broad market being that healthy right here. I missed my top choice short GMCR as the bid just faded and I didn't want to chase. I'm getting short a couple of "weak tops" both have are showing bearish divergence.
UA has a nice series of 3 lower highs and lower lows.
This one looks very top but has not broke yet. It hit a high with negative divergence which shows there is not much left here.
The fact that AAL and DAL have headed south makes this worth a shot. With my shorts, I look for well defined risk levels and at 67.5 would be my out.
This is the type of sell off I'm looking for with UAL. IMO, it's just 2 or 3 days behind.