While it's not looking good, we still have an overnight gap above at 1215.50 CSCO volume is brutal, though, and if euro closes below 1.3700 that should beget more losses.
if the oval were one day it would likely extend down ,since its hanging around that lower area on a 2 nip day or go back and fill the cleavge,i 've circled the same pattern from 3 days back before it extended down,there is a gap below to 1198,the one on the right is cumulative, the several on the left are individual days
13-15 es ,the spx is more accurate during the day ,no ah data ,yesterdays nip is 1210 -13,so far its been resistance,just using these points with direction, if moving lower ,to where? higher,to where? nips work like trendlines the bigger the nip ,the stronger supp /res