Don't know about you ES traders, but this market sure as hell looks like Thursday night/Friday morning all over again.
Such a horrible pattern but ES 830 looks like a buy area for a swing long. Bottom of range this week imho.
Looks like ES is finding support at 830, but I'm not sure it'll hold. Today's a Monday so if there's another big down day it's most likely today. Also today is the last Monday in October, so there is hope for a rally this afternoon or tomorrow to take us into November and the presidential election. That said, 775 is definitely a possibility for ES.
This Monday is so far gap down when the previous close was also down. On the last 4 occasions of Mondays being gap down with the previous close down, the Close on the day has been between 20 to 165 points down on the Opening Price (9.30am YM).