-Price is approaching a shorter term and if it cannot break it, we may simply continue downward toward the 1840 level.
-Some may believe we have retraced and see a forming. This will lead to a break of this short term and the range on the chart will become more relevant.
-In case of consolidation and ranging price action, I plan on shorting this index and equities in general at the top of the range. Unless we have a dramatic fundamental change in the macroeconomic situation, shorting at around 2000 would be ideal.
Goodluck fellow traders!