US30: Potential Fakeout? Watching for the Bear Trap
While the NAS100 looks ready to fly, the US30 shows a bit more hesitation within its range. This lack of upward strength suggests we might see a "stop run" or a liquidity grab below the range support before the real move happens.
The Strategy: We are anticipating a potential break to the downside of the range.
The Thesis: If the market dips below support and quickly recovers, it creates a classic "bear trap" scenario for a push back into (and through) the range.
Outlook: Staying patient for that downside wick before looking for long entries.