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US100: Developing Sell Setup, Awaiting Confirmation.
This analysis is based on current market behavior. We are seeing a test of a key 1h support.
If we break and close below this level, this will be a confirmation signal that bearish sentiment still exists in the market.
How I will look to trade this is by waiting for a retest of this key area and shorting the market till we get to prices lower, possibly holding till we touch last weeks low.
If we break and close below this level, this will be a confirmation signal that bearish sentiment still exists in the market.
How I will look to trade this is by waiting for a retest of this key area and shorting the market till we get to prices lower, possibly holding till we touch last weeks low.
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