10:34 am EDT: The ES sunk quickly to the lower end of the projected range inside the first 15 minutes, which was a warning of a possible trend day down. So far, that is materializing, though the ES has found support at last week’s settlement of 1070.50. If this does not hold, last week’s low is the next target (1066.50), then the weekly S1′s from 1056.75 to 1058.00. 1080.25 is a sell area.
All the leaders are confirming equities weakness. Depending on tomorrow’s report, however, we could get a bullish setup on the open.



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