In order for a good size bounce from ES 1013 which was touched in after hours, to say 1080 (an Atilla estimate), The Euro would be forced to rally. Unless they just happen to decouple at this point, which has a low probability.
The Euro does not look ready to rally IMHO, in fact it looks like it need to finish a 5 down, and that could easily take the S&P to the 800's range by say Aug/Sep.
Others have posted analogies to 1987, and the fractals are AMAZINGLY similar to right now, predicting a crash within days.
"They" have used 3 day weekends for big market move, ALOT in the last 2 years. There is no honor among those particular thieves. It is all about taking all the money using whatever they can muster, and regardless of consequences.
However, this moon cycle does look like a bottom would be more appropriate than a continued decline. This market is tricky.
