KKR ShortKKR & Co IncBATS:KKRTradewithArzhangBroader Market Structure KKR on the 15-minute chart has a bullish broader structure. The major structural low is around $105.93, marked as the BOS, after which price established a sequence of higher highs and higher lows. A CHoCH is visible at $112.99, indicating the larger structure has shifted bullish and favors continuation higher if demand remains protected. However, price is currently in a short-term retracement after reaching the $111.5–$111.6 area. Supply & Demand The upper supply zones around $112.0–$112.5 and $114.0–$114.6 are strong overhead resistance areas. Price has previously reacted sharply around these levels, so sellers could become active if price trades back into them. The nearby demand around $108.7–$109.2 is important because buyers previously stepped in from this region and produced the latest expansion. The deeper $108.0 area provides secondary support. Price Action in the Marked Region The current price is around $110.64, after selling off from the recent high. Your marked projection suggests a short-term liquidity push back toward $111.1–$111.6, followed by rejection and a move toward $109.0 demand. This setup makes sense because the $111.5–$111.6 area is the recent high and can act as a liquidity target before sellers attempt another leg lower. I would want to see rejection there rather than selling prematurely at current price. Trade Bias Short-term bias: Bearish retracement Expected path: $110.6 → $111.1–$111.6 → rejection → $109.0 demand The key invalidation for this short-term bearish idea is a sustained break above approximately $111.6. A clean break and acceptance above that high would increase the probability of continuation toward the $112.0–$112.5 supply and potentially the $112.99 CHoCH level. The broader bias remains bullish unless the $108.7–$109.0 demand area fails decisively. Footprint Analysis The chart itself does not contain footprint/cluster data, so I would not claim a footprint confirmation that isn't visible. For this setup, the ideal footprint confirmation at $111.1–$111.6 would be buying absorption, negative delta divergence, stacked sell imbalances, or a failed auction above the recent high. That would strengthen the short thesis. Conversely, if the footprint shows strong positive delta with aggressive buyers lifting offers and price accepting above $111.6, the short setup should be avoided because that would support continuation toward $112+. Momentum Short-term momentum currently favors sellers, but the larger structure remains bullish. The sharp rejection from the recent high shows supply entering, while the current pullback has not yet broken the important demand structure. News / Catalyst There is a significant KKR-specific catalyst today: KKR announced the sale of USI Insurance Services to Aon for $17 billion, with KKR expecting approximately $3.3 billion in after-tax proceeds. This is fundamentally positive for KKR and could support upside pressure. That makes the $111.1–$111.6 rejection confirmation particularly important—the fundamental news creates a real risk that buyers continue pushing higher instead of giving the projected short. Overall Bullish structure → short-term bearish retracement → watch $111.1–$111.6 for rejection → $109 demand target. Above $111.6 = bearish setup invalidated. Below $109 = deeper bearish continuation becomes likely.