Short term - Price will probably go lower before NFP on Friday S&P 500 E-MINI FUTURES CME_MINI:ES1! RationalTrader Price is not able to make higher highs atm. Expect short term lower price and watch price action on Friday. At some point soon I belive positive long term trend will turn back, keeping long term trend on par - no matter what NFP number shows on Friday, investors are starting to adapt to the fact that sonner than the FEDs need to turn up the rent again.