US100 is sitting around its All-Time-High and round number 14k so we will be looking for sell setups on lower timeframes.
on H4: US100 is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple)
Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area)
Until the sell is activated, US100 would be overall and can still trade higher.
and of course, as it approaches the lower blue trendline from Daily, we will be looking for trend-following buy setups.
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(NASDAQ going straight down and not re-testing that 13900ish level)
The gold/lumber ratio has also been changing where the price of lumber has declined showing less appetite for risk in the market, with inflation at 5% with minimal wage growth.
Markets can take time to realised ect.