Dax is a potential short here, back to Key lvls 10800 and 8270.
Right now line in the sand is the 13350 lvl if this gets broken we will drive down till 10800. If after test of 10800 price cant hold above above 13000 we will continue going down till 8270 and little below.
This gives many short plays.
Right now most risky play is anticcipating the 13350 lvl to break. Wait for fakeout above 14300 and price coming back till 14150 to short and anticipate price to drive further down to break 13350.
Safer Bet is to wait till 13350 break and risking the 14800 lvl
Right now line in the sand is the 13350 lvl if this gets broken we will drive down till 10800. If after test of 10800 price cant hold above above 13000 we will continue going down till 8270 and little below.
This gives many short plays.
Right now most risky play is anticcipating the 13350 lvl to break. Wait for fakeout above 14300 and price coming back till 14150 to short and anticipate price to drive further down to break 13350.
Safer Bet is to wait till 13350 break and risking the 14800 lvl
Trade active:
As anticcipated Price action above 14300 turned into a fakeout, as you can see price stayed above for more than an entire week, which shows that big ppl needed quite some time there to build up their short positions. Right now key lvl on the daily is 13600, if we break below + stay below = price will most likely continue to 10800