As I posted just few minutes ago, I expect and hope to see one more high coming into play before we see him going lower. Looking this daily chart, we can see that we are in a very strong resistance zone, BUT I think that we can make a new high, scare a lot of traders and then reverse lower. This is what I expect and I will trade this (if he makes new high) with a very small risk. So keep watching: 1008 to 1012.
You are right, heavy resistance should cause a lot of selling and then we will eventually make a move up. I am waiting for the pullback to full happen then continue higher. Great analysis.