S&P E-mini futures pointing down. There could be bounce from 4305 level and then if there's rejection at 4345 or lower levels, can test support levels at 4290, 4280 and then finally 4264. 4230 is the last level for bulls to defend. If it reclaims 4348 and stays above, first green flag. Goes above, stays above 4370 confirmation. Until then bias on downside. Until then every bounce may be faded. Close below 4230, highly likely to test 4142