US100 on the H1 chart has been trading in a tight corridor between 23600 and 24500 over the past 10 hours. The latest candle peaked at 24575, a high that was supported by a surge in volume (~27k). However, the price quickly retraced to 24191 and 24210, with volume dropping to ~16k, signalling a lack of sustained bullish momentum. Below the recent high, a clear resistance sits around 24500. The pullback to 24210 places the market near the 24200 level, a logical entry point for a short position. A stop above the recent high protects against a brief rally, while…

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