US30 SHORT
As we approach the 26900 sell zone, we are witnessing a complete rising wedge with phases falling drastically out of momentum. If we fail to break directly out of the upper channel resistance, we should expect a pullback toward 26200 zone before a final break to the 26900 and possibly a repeat of March's sell off. With rising concerns surrounding China, a spike in new Covid cases, and monumental unemployment rates; with no sign or signal of when a date of return for a high percentage of Americans. If fundamentals continue to surround the markets in negative fashion mixed with the DXY finding its bottom, struggling to push through this slowing bull phase, we should be heading significantly lower, fast .
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