So far the index dailies are holding the key .786 support discussed earlier this week. Our first major resistance test should come during this morning's session. You can see the 45 minute timing highs on ES, YM and NQ projected during the first 90 minutes of today's trading. If we're rallying into 45 minute price resistance during this time there's a chance that the downside pattern will reassert itself and we'll start to see significant support breaks. If we see little more than a pause and consolidation with support holding instead, it's likely to lead to a more significant recovery from current swing lows.

S& P Cash Daily:

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ES 45 Minute:

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Dow Cash Daily:

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YM 45 Minute:

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Nasdaq Cash Daily:

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NQ 45 Minute:

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