The $ES bounced overnight with the 38.2% Fib retrace holding and trend line resistance above:

News items of interest this morning:

Tiffany’s Is Tanking

ECB plans QE according to paid in capital: Source

Oil prices extend falls; Goldman Sachs slashes forecasts

The Myth of America’s Manufacturing Renaissance: The Real State of U.S. Manufacturing

A red flag in China’s unstoppable market rally

Today’s member market update/trade plan here:

In the Zone