hey traders,
though I have already shorted S&P from lower structure levels,
we see that bulls still keep pushing the market to higher levels.
On Friday the market has closed approaching all-time market's high.
There is a very very high chance to see a retracement from this level,
for this reason, be focused on a rising parallel channel.
Bearish breakout of it will be a perfect confirmation for you to open short trade.
Target level will be 2960.
Stop will be above the highest point of the channel.
*if the market sets new higher high within the channel, setup will be invalid.
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