Watching For Potential Breakout Lower

As I previously discussed about this market, I am looking for potential short trading opportunities and a potential breakout lower.

Price in recent sessions has formed a series of lower highs and each time it has rejected the major support the bounce or rejection has been a little weaker.

Last week price made a serious attempt at breaking lower, only to snap back higher.

This market will be on the close watch list this week for potential breakout trades through the key support level.