Playing around with the ES daily chart today and just thinking out loud here, but 2812 has been a pretty decent support and resistance level going back to last year. Wondering if maybe we touch it say, tomorrow, then have one of those patented vicious rallies for several days, maybe top out around October 10, then back down? On or around October 10 seems to frequently mark important highs or lows in the past.
Also, last 2 declines of note have been 232 and 253 points. A decline back down to 2812 would be about 213 points, in the neighborhood of the last 2 declines.
If we match either of the last 2 declines before a bounce, if my math is correct we would be looking at about 2794 or 2772 before a bounce.
Also on 64M chart this morning we touched the last Gann Fan support line drawn from August 25 low, so not surprised we jumped about 30+ points off that line, at least the first time down to it.