4290 provided several short opportunities. Price may
test 4133. If this breaks, market may head lower.
Wait for price reaction at 4133 before entry.
Short on retracement preferred for this week.
Weekly: Average volume down bar closing off low =
some demand
Daily: Average volume down bar closing near low =
weakness
H4: Average volume down bar closing slightly off
low = some demand
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4874 4800 4740
4587 4525 4446
4397 4290
4213 4133 4037
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Have a profitable trading week.
