Here is the e-mini wave chart as of 11:30 am. I still think the trend is up so I am interested in identifying levels where the market is likely to find support.What stands out in this chart is the trading area which formed Friday afternoon between 859 and 869. The midpoint of this are is 864 (purple dotted line) and is likely to be support.
I also note that the reaction from Friday's late high to this morning's low was about 10 points (blue rectangle) and a similar reaction from today's high at 873 would stop a t 863. If this market is strong it won't get to either of these supporting levels so I would guess that 865 will prove to be support for this reaction.
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