US 30 has been imprinting a bearish trend since its sell off during this current week. We are anticipating the current pressure persisting in taking the market down further below, garnering us a further 500 points in profits. Market is at the support right now at the price of 33500. We need to wait for it to be broken out and then at the retest take a short position based off the price action.

The ascending trendline has broken out for sells earlier and it is carrying the shorts since then.

There is no retracement indication in this particular setup.

The EMA 50 has turned bearish as well and it does not seem that the market would be retesting the EMA 50 anytime soon.

RSI is at 32. This needs to be neutralized at the level of 50 in order for us to continue moving down. 

500 points US 30 shorts

Feb 17 2023