Wave Chart at 10:15 am

Here is the wave chart for yesterday's and today's e-mini day session. As you can see the bears are still in control of the market because the up wave that ended right after today's open was not much bigger than the preceding up wave while the subsequent down wave has been bigger than the preceding down wave.

My downside target is the dashed purple line at 823. I think that support in that area will hold because the volume on the latest downwave, indeed on the entire drop from 876, has been relatively low.

Meantime resistance above the market is now at 840, the dotted purple line.