After a good selloff yesterday overnight the Europeans found a bottom at the 1920 area. Currently we have 2 lower highs and if price finds a new low below the 1920 area then we would have confirmation of a new downtrend on the 60 minute chart. The next target is all the way down to the 1886 area not shown on my chart below but I had mentioned this area in a prior post. My guess is that they will probably break this 1920 area overnight screwing the day traders chance to take the elevator down to the 1886 area, we will see...
ES 03012016 am
