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ES at 0.62 Fibo: Lower Soon?!

ES at 0.62 Fibo: Lower Soon?!

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!

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