ES at 0.62 Fibo: Lower Soon?! E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! DaddySawbucks Note the consolidation zones along the S/R line reaching back; bull/bear battle zones, likely rejection zone. Overbought condition. A move lower is likely imminent, Whether it proves to be a higher low and price returns to lofty valuation, or a real correction, TBD. Thursday's nutty price action feels like a blowoff top, confirm it Friday IMO. Trade with caution! GLTA!