Resistance is back in play

That last bit of short term accumulation was stopped dead in its tracks at resistance, which looks like it is back in play.

This could be an important or one of the most important intraday technical events so long as it continues to hold.

You an see that last little bounce hit a brick wall exactly at the resistance/support level we have been watching this week.

If I was looking to initiate or add to positions, this would be an ideal spot for me as that resistance level should make for a good stop (above it, not at it!) and thus risk would be reduced and the probability of a successful trade goes up as well.