Veterans Day saw futures volume dip to 1.1m contracts, though share volume was only marginally lower than the prior day at 3.64bn shares trading on NYSE. The strong sell-off in Crude weighed heavily on the market yesterday as you can see with the relative weakness in the energy sector.

Here's a look at the order flow into the RTH high where buyers dried up and aggressive selling stepped in:

Overnight so far the range is 2065.25-2077.50 versus settlement at 2069.00. The zones are the similar to yesterday and the continued attempt to push towards Monday's lows could lead to a breakout (which could be false). The 2051.25 is the next major level below. Above 2079.00 longs have more control and can put pressure on the upside once again.