Good morning brothers, after a small rebound over the weekend, we are currently around 105500/2535. Later in the evening, there will be a resistance level near 106000/2540. This week is the biggest data week of the month, being the non-farm payroll data week, with a focus on Friday's unemployment rate and job numbers.
Since breaking the trend line at the daily level, the movement has been relatively clear in digesting the previous indicator divergence, with insufficient momentum and a pullback occurring. Since it's the weekend, a decrease in daily trading volume is also quite normal, but this decrease did not lead to a reduction in the MACD red bars below the water level. The 4-hour and hourly levels are slightly leaning towards consolidation, but this inclination is not strong. There is a top divergence at the hourly level that needs to be digested. For intraday operations, first look at the resistance level not breaking 106000/2550, initially enter a short position, and then based on the strength near the support level below 103000/2460, enter a long position.
For the range 105500-106000, short position, add to the position at 106500, and target 104000, with a second target at 103000, defending above 106800.
For the range 2540-2560, short position, target 2500, with a second target at 2450, defending above 2590.
