still in trend (upper trendline), but this is the area to see if the pullback is bought (holds 21 ema) and downtrend violated
1) 1795 is strong demand zone from dec 18. 2) 1799-1803 area still shows strong selling pressure. 3) market divergently pushing up. Therefore I'm looking short in that general area if an entry arises. Will keep the 95 area in mind for potential rally later in the day.
Seems risky shorting after a 50 point down move into previous resistance with 2 open gaps above or are you just talking about scalp shorts ?