THE E-MINI LAST WEEK EXPERIENCED EXTREME PRICE CONTROL CLOCKING UP 85% OF THE BARS AT THE POINT OF CONTROL 1161.50 , THIS IS A SIGN THAT THIS TRENDING MARKET IS GETTING WEAK. IT REGESTERED REASONABLE NEGATIVE DIVERGENCE THROUGH STEP 1... STEP 2...AND STEP 3 OF IT'S DEVELOPMENT , SUGGESTING THAT THE STEP 4 ROTATION WAS MOST LIKELY.
THINGS TO WATCH FOR..

1. WILL THE MARKET FILL OUT THE RANGE BETWEEN 1156 AND 1145.

2. WILL IT REJECT THIS FILL OUT , AND IN DOING SO GIVE A STRONG SIGNAL FOR
CONTINUATION HIGHER.

3. WILL IT FILL OUT THE SPACE BETWEEN 1156 AND 1145 OR WILL IT BREAK LOWER , PUTTING A BREARISH TONE ON THE PRICE ACTION.

WE KNOW WE HAVE NEGATIVE DIVERGENCE, WE KNOW WE HAVE HAD PRICE REJECTION AND WE CURRENTLY HAVE MINUS DEVELOPMENT TO THE DOWN SIDE. WE CAN SELL THE CURRENT RESISTANCE OR BUY THE SUPPORT , WITH A STOP AND REVERSE IF THINGS DONT WORK OUT.IT'S TIGHT IF WE BREAK THE LOW OUR FIRST SUPPORT IS AT 1145.a BREAK OF THAT AND WE COULD SEE MUCH LOWER PRICES. IF WE BREAK THE HIGHS , GO WITH IT UNTILL WE GO SIDE WAYS AGAIN.

Remember the prosess of orders entering and exiting the market is random, if you like to reduce your risk , try to avoid entering medium term trades inside the value area ( shaded ) where most orders are processed. To reduce your risk try to have your orders filled at prices that have 3 or less tpo's (time price opportunities) attachted to them.