Steady selling, following crude oil’s lead again, for 6 consecutive 30 minute periods had the ES one-timeframing lower from the third period, but could not get the outside day below Friday’s close. Short covering followed rallying up to just a single tick above Friday’s high, creating a weak rally high at 1882.25. Volatility remains high. Carry that information forward as it will probably be revisited. Monday’s wide point of control at 1974.25 is just two ticks above the regular pit session close. Acceptance above or below that level will probably be key, depending on where overnight trade takes us.

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