Today we will be using 93.25-95.25 as our bull bear zone. If ES can stay below here then we can test lower levels into the day session today. First up we have 82.75-80.75 where we would need a perfect intraday setup to execute a long here. Caution - If ES can open below 89.50 and trade lower then we could be in for a continuation of yesterdays down move and we could easily head to 77.25-75.25 where we would need a good intraday setup and then 65-67 which could bring some buyers into the market.
If ES can open above 89.50 and trade higher we could see ES rotate around the b/b area for the morning and above 95.25 we can reach 98.50-00.50 where id expect to see sellers and then 03.25-05.25 where again sellers can step in.
In summary watch todays open and if we can open below 89.50 and trade lower then we could be in for some continued down momentum.