US 100

NQ, Short setup

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Just before market Open price dropped lower, I expect price to travel back up into the 15 m Gap and then sell off. This is the only setup I am interested in today.

The 15m level will be a resistance level for price. This level is derived from the last reversal. Since NQ was lagging, i expect price to use his level to squeeze the shorts out and start a new down trend.

If this does not happen and the highs get taken out, I will be flat today

Goodluck, Good trading.

F

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