The ES (and other indices) remain very weak as evidenced by their inability to rally from present Key Reference Areas (potential support). A close below 1380 in the ES would be very near term negative and would suggest a quick trade to at least 1350-1335.

If the ES develops lower overnight without trading above 1411 it sets up the potential for a very negative Friday day session. A close above 141675 is needed to signal a short term low may be in place.