“If we break down below 1078, my guess is we will resume selling pressure”
Yesterday I wrote the following:
“On a different note, I got a blue diamond for tomorrow’s session which can mean potential up day if the futures market can break above 1083.00 or….continued decline if it fails to gain some upside momentum. Well the market broke 1083 overnight and continued as high as 1098 which is right above the nearest FIB level.”
What’s next one might ask? If we can hold 1078 then there is more upside potential, if we break down below 1078, my guess is we will resume selling pressure. Daily chart for review below:
EP – E- Mini S&P 500, Equal Active Daily Continuation
