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Support has now broken overnight on the rising channel here on this 60 minute chart of the ES Futures,

The MACD's here are already -5 and can go much deeper before turning back up for a bounce. On the 4 hour chart the MACD's are just around the zero level, so I don't think there's much of chance of the market turning back up today to close around 200 SPY (about 1985 here), but if they do it some how then it's a great short over this weekend I think. Usually the market makers like to close it where it does the mosrt damage to put holders, but it's looking pretty bearish this morning. Regadless, next week should be down, so shorting rallies is my plan.

Next target down is the 2 falling trendlines coming in around 1920-1930 area. Could hit today (Friday) or Monday.

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