Here is a five minute chart of today's e-mini day session. I am long two units at an average of 907.50. I think we have seen the day's low. It developed just a tad above midpoint support at 903. This level was actually two supports at one price. The midpoint of the late rally from 894 to 912 on May 12 was at 903. And 903 was the midpoint of the swing from the October top at 1067 to the November low at 739.I estimate the high for today will be near 925 (blue rectangle). If I am correct then the midpoint of today's early reaction from 910 to 903.50 (purple dotted line) will act as support for the rest of the session.
As you know I think this up swing will carry the e-minis to 952 or so, the midpoint of the rally from the October low at 837 to the October high at 1067.
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