We can see G/U reached an important monthly zone at 1.30, shorted at 1.29 something (look at the chart) and expecting it to go down at least to the weekly level, if this got broken probably expecting it to go to the montly area at 1.25.
G/U might be retracing to the previous daily key level, and from there go up to the monthly level of 1.300, will watch the reaction on the daily level waiting for an entry to long it
possible short on sp500, rejection of an important level, havent defined take profit, the stop loss is just above the zone or key level, however u would like to call it. cheers
