As we have seen of recent the indices have had what Donald Trump is calling a 'correction'. As a technical trader this looks likely to continue to the downside but we must ask ourselves where the high probability trade is from. So looking at key resistance levels will be key, seeing that the 50% Fib is sitting at the resistance zone of around 7250.0 looks promising for trend traders. So, if we expect price to go short from here we could look at price going long short term to that level. Looking at the 4hr timeframe we can see the market changing cycles here giving us a potential opportunity if it can re-test the previous structure highs at 7055.0.