The 69,000 level is a place where many people want to attempt a breakout. The trading volume is high, and it's also a good position for large players to rotate positions. That's why I've been watching the big long-term short positions at this level. If a major upward move is to happen, liquidity below 54,000 must be cleared out. That's my reason for opening short positions. Of course, if it truly breaks through, then I am not as skilled as others.
View Original