Wave Chart at 1:15 pm

Here is the wave chart for the e-minis during the past two day sessions. The bears have taken over control of this market as you can see from the current, longer down wave that has followed a shorter up wave. The decisive change occurred when midpoint support (purple dotted line) failed.

I think the early morning rally established the day's high point. I am now expecting the day's low near 660. Meantime midpoint resistance is at 685 and I don't think any rally will carry more than 8 points before the day's low is established.