ES plummeted roughly 165 points from December daily top into the bottom expected on Friday Jan 8th plus one trading day. This week is expected to be the bottom on weekly chart provided that ES goes up and close above 1916 level on the daily chart. US equities.
Early bounce to the week could be delayed as most indicators remain overbought indicating later weakness to show up. Despite fast and hard drop in ES & Equities, we still anticipate markets to turn and rally up from next support lines (will update you later about critical price levels.)