Reaction nearly complete

Here is an hourly bar chart of the e-mini day session (courtesy of Linnsoft's Investor/RT software). The market has dropped about 50 points from its high - about as much as it had dropped twice previously on the way up from 666 (purple rectangles). It has dropped close to midpoint support which stands at 874 (purple dotted line). There is an outside chance that the e-minis will drop all the way to 867 - the midpoint between the October 1067 high and the bear market low at 666 (red dashed line).

In any event this reaction is nearly complete. Tomorrow I will be looking for a day session range of 873-890. The next up leg should carry the e-minis up to 952.