ES after looking like the end of last week it was ready to break out of its weekly balance, took a bit of a step back yesterday. Most of the morning the dips were getting bought up but buyers could not reclaim the prior IB high level from Friday. A breakthrough finally happened in E period, resulting in a push down to take the session IB low and then ultimately took out Friday’s daily low. The globex session continued this push lower but eventually found support above Thursday’s low and hit resistance against yesterday’s IB low.

Let’s take a look at what to watch out for today and today’s key levels.