We now find ourselves approaching the previous support, turned resistance. The doesn’t look high enough to force this through, and I think there’s a good chance we retrace back to test the 9.6k level again so is a good short opportunity if we see price get rejected here at 10.2k. Will there be enough downward pressure to take us down below the .382 level though? Personally, I hope so as I think we need a decent retracement to allow us to take a good run back up and past 11.9k!
I'm not really looking to buy anywhere from here at the moment, would only be looking to short if we see resistance and a retrace. I would start paying more attention if we were up towards 10.9k but would need to see strong volume to get through 11.2k and serious volume to get through 11.9k!