IF this breaks down... S&P500 at inflexion point E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! Auguraltrader As described in hourly chart, the waves have bene adjusted to be more accommodating to a volatile state. At this current point, a turnover and breakdown premarket would likely see more follow through for the rest of the week. Also means that yesterday was indeed a dead cat bounce.