Getting follow-through lower from the gap lower in the S&P futures on the Sunday evening open. Futures are now in the lower portion of an initial zone of support for the first segment of a wave [IV] now. Since I would like to see a triangle to form to help run the clock, I would like to see lower soon as the first leg in a triangle is the deepest. That idea implies continuation lower today toward 3194.25 to 3188.25 late today or early tomorrow. The immediate question is if there are any bounces along the way. If there are bounces, they should appear at 3235.75 and 3214.75.
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