I like the idea of the Short from this position in the market, From this eye of the market we are pivoting off of a current, suppl level and looking from a bigger picture sentiment is in a bearish standpoint. I'm expecting this trade to take at least a week to 2 weeks max to transpire.
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Were, currently in the trade, from here it looks like what we have is an M formation as well as RailRoad Tracks to the upside at the top of the formation, floating net negative at the moment re entered off the premise of 82.00 level being rejected anticipating midweek reversal, throwing itself from the tested resistance, to 79.. ish area...