ES1!6307.75 tested our weekly target of 6240 yesterday and sharply bounced from there. As I stated yesterday, the index will likely test the 6230–6240 or 6200 area sometime this week, which should mark a local low. However, yesterday's test came on heavy volume, implying a likely retest of the low, probably in the form of a marginal lower low. That would mean something below 6240. The 6280–6282 area is a key support level for the morning session today, a break below this level will significantly increase the odds of the retest scenario.

ES resistance levels: 6320-6322, 6332-6335
ES support levels: 6298–6300, 6293-6295, 6280-6282