Good morning traders and @5speed, glad to see you working hard...

Good morning traders and @5speed, glad to see you working hard as usual.  The ES contract has fallen back into the most recent balance area and the general saw is that if participants can't maintain the breakout, traders will target the lower edge of balance.   Managing that trade can get a bit tricky on headline-sponsored liquidations though.  There is also the issue of a three character flat top in the day session.  The weekly center of gravity for the SPX cash session is probably SPX 3000.  Regular trading hours price under that puts weekly interest at 2980 and there is much heavier support at 2950.  The ES regular session left a point of control at 3011.50, but that will be colored by the fact that it was established before the dump and you can see the single prints cover a wide area.