Two candidates for potential shorts. Given both markets are mostly correlated it is actually only one potential short trade. Currently both markets had one sharp up leg followed by a weak up leg. Both running into a strong resistance. Given loss of momentum and a resistance band above (rectangles in chart), good chance the markets might provide a low risk short entry. More details on the chart. Ideal would be market enters into the zone and do a mini fake out. Will look how they behave next few days and whether markets behave as per analysis.
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