IN my earlier update last week, I had suggested caution given the gap above and ES has its own ways of going about its business.Inability to get past the 70 area in the RTH session and failure to the 54-57 and then 40 area targeted the congestion in the 18-20 area. Though it found support int the RTH, they gapped down in on the open on Friday and held it below. I had mentioned that failure to hold the the 54-57 could likely target the 20 area with an extension to the 10 area and that is pretty much how things played out. I did however expect a move back to the 54/57 area on Friday but that did not materialize. For now, we held the 90 and it is likely that we continue lower to the 74-83 area with a possibility of extending to the 59-60 area.. The 60 area is an area of balance from Jul 3-15.. Above, the first hurdle is back the 10-11 area, then 19//20 and finally up at 39.5. Lets see what the open today brings.