ES review & plan

The late sell-off started after a failed attempt to push up through the overnight low. The long spike left after the liquidation is the most important area to focus on initially today. If value builds within the spike we will likely see more downside as this area is accepted. If we open above the top of the spike and hold, this is a sign we have an excess low and a rally is likely.

It's a busy calendar this week for economic announcements.