Daily Morning Update: ES levels and targets Oct 16th

Yesterday, ES triggered its first short since October 7 by dropping below 5895. The targets were 5878 and 5866, and we’ve been sitting around 5866 all overnight. We’re now in a neutral to bearish phase, aside from any relief pops.

As of now: 5866 is acting as the magnet, with 5857 as support. 5878 is the next target, with 5892 above that. If 5857 breaks, 5842 next will be next down, with 5830-33 as the next zone to watch.