LNKD Short

With negative divergence in MACD over the last few months, I have called a rising wedge and short in LNKD.  I would expect it to come back and test overhead support and I will short further near $230 or so (last swing high) or buy puts to lessen possible loss.  Cover above $244.  My targets are the 200d near $195 and then fibonacci support near $181. 

Note:  Wedges (whether rising or falling) do come with a higher degree of failure than triangles or flags however I feel the weakening of its ability to remain overbought quite telling.  Take partials, lower your stop alert and see what shakes out.  Time in the market 2-4 months.

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