This recent rise from 7170 to 7300s was on low volume, it broke out of this trend channel on low volume, this breakout is a fakeout. Limit orders are slowly starting to appear at this resistance. A dump would be appropriate.
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Europeans are waking up to this top.
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I expect this to be the last top in this trading range before the dump to sub 7000. This last top at 7300 coincides with the strong bottom on October 23th.
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close shorts.. Next short opportunity in the 7500s
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re-opened shorts - noticed high buying volume (millions $) and a spike.