Here is a five minute bar chart showing day session e-mini trading. I started the day thinking that the midpoint of today's range would be higher than yesterday's, but once the market broke yesterday's low I gave up that notion. Now I think the ES is in the midst of a reaction that will be about as big as the last reaction which carried from 1152 to 1136.50 on March 12 and 15 (purple rectangle).
The downside target is the green oval, roughly the 1151-53 zone. This marks the confluence of the lower trend channel line, the purple rectangle and is also midpoint support defined by the reaction after the Fed meeting earlier this week.
Once this minor reaction is out of the way the advance to 1200 and higher will resume.