Here is a look at the ES with 100sma and the 200 sma. I've added the MAs because price seem to be tracking them better than the fibs. A ton of new money and algos are driving these over sized moves. We now have world full of computers and people trading off their phone. Expect exaggerated emotional reactions in either direction. Price is retesting yesterday's low right now. Lets see if the low holds. If it does the 200 sma may be in play.
