After a retest of the resistance zone that carries the high of the year and the all-times high as well, US markets are subjected to selling pressure. Volatility is to be expected at the end of the week with US major news like the initial jobless claim, the GDP annualized or the G20 meeting. NAS100 and its correlated pairs are likely to move to the support zone unless they are brought to @7720.0.
Possible targets: @7500.0 (+1200pips or 120.0 per unit)
Advice: Stay bearish and sell at any high points while we don't break up the @7720.0 level.
Trade closed: stop reached
⋅
There were no follow-through after the bear pressure. Prices settled back at the resistance zone.