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Update 1:53pmEST. While the vectors are printing support of the continuation in the down trend to resume eventually, the vector values are not supporting a violent move. As a result, it will not be unexpected to see overlapping retracements as opposed to the violent fast moves down seen previously. That could change but more likely will continue for a while until negativity gets replaced by complacency,
ES 2716 price zone target projection from yesterday was hit and a bounce has begun. Vectors are holding up overnight supporting the downside trend in market continuation (so far)- let's see what today's session prints. VXX (volatility) printing higher and has not yet challenged it's lows.
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