YM Short — Breakdown Below 47,000 Into Bear ChannelE-mini Dow Jones Industrial Average Index FuturesCBOT_MINI:YM1!ivvixDow futures in a clear downtrend from the ~48,500 peak. The selloff accelerated Mar 17-18 as price sliced through the 47,000 support shelf with heavy volume and conviction — that level is now resistance. Currently trading in a bear channel between 46,400–46,700. The bounce off 46,400 lows shows declining volume on each push higher — textbook dead-cat structure. Sellers keep stepping in at 46,600–46,650. SHORT SETUP: Entry: 46,620 — fade into broken support / channel resistance Stop: 46,720 — above structure invalidation Target: 46,400 — retest of session lows R:R: 2.20 Invalidation: reclaim of 46,720 on volume would signal the breakdown is failing. Until then, the path of least resistance is lower.