Major Support failed…

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  The market moved lower past the 1911 area of MS just after the market opened today.  Price continued lower all day and as expected, the market moved to the next support area of 1888.  This evening the market looks weak and I would not be surprised to wake up tomorrow to find the ES down at our next T2 level at 1864.  If the market does not hold the 1888 level, the new uptrend on the Daily will be in jeopardy of failure and I'd expect a huge sell off down to our 1804 level, buckle your seats!  

ES 02022016 Evening
ES 02022016 Evening

    

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