Or 3: Too many friggin' ET posters are turning bearish. Even those who were once diehard bulls are expressing outright pessimism now.
http://www.tactrading.com/floor-pivot-trading.htm Calculate them from regular trading hours - 9:30 to 4:15 "some people just name historic highs and lows pivot points?" An Es pivot can also be where the price turned before, which may define areas of support and resistance. Best to ask your questions in the price action journal.
Just like that? Seriously, what's your rationale that the market will gap up overnight? I would think that now the rumor and the hype of G20 is over, you should get ready to sell the news.
Hard to say if this is an IHS (shoulders at ~56) that will power ES higher during the overnight or if the trend will continue down. I'm going with the latter. Short ES 859.75, Stop 861.75... target 853 minimum