Sellers are still in control

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Sellers are still in controlE-mini S&P 500 FuturesCME_MINI_DL:ES1!DanGramzaSellers are still in control in the daily chart of the S&P 500. When the market rallies, sellers appear and drive it down. The expectation for Friday is for continued selling pressure but not a large move lower and in fact sellers may want to take some profit on Friday as we go into the weekend.