Here is an hourly bar chart showing 24 hour e-mini trading. After the bullish employment number came out the ES rallied to 1119 but then pulled a u-turn downward on high volume. This sort of action is generally bearish and portends a downside breakout from the recent trading range. We should see the market close near its lows today and continue downward next week. In the meantime the midpoint of today's range at 1107 should be resistance. Downside target is 1040-50.
I want to emphasize that a failure to break below this morning's 1095 low later today or Monday would be very bullish action and flip be back to the bull side.