The break on Thursday was a serious move down and left a gap. If this market runs true to form, price should try to close the gap. Right now price has gone through P for the down move at 893. The target price for this move down — what Rick would label ‘D’ — is 859 with support at 876. This is all on the daily chart. The lower time frames have support levels at 881 and 884. The current downside pressure being applied to price at this time on the lower time frames could cure itself during the night session. For price to make an assault on 1000 and 1100, ES would have to go through 957. At this time it would take a 5-point upward retracement to start a bull trend. If short here I would use a 2-point stop and then look for the next move up or down. (Ira Tunik)