Sept E-Mini S&P:Rallies on Thursday were rejected resulting in a minor turnover to close down 14 points at 1157 on the day. Heading into Friday's session, we are expecting volatile conditions as the market awaits Hurricane Bens speech at 10am ET. From a technical standpoint, the bias today is Flat to Bearish as trade fell back into its 24-day downtrend line crossing in line with today's Pivot at 1166-1167 R1 Resistance. Overall, trade back below the 1144-1142 area renews Bear trending forces.

For today, look to short the 1166-1167 R1 Resistance zone, Stops above 1170 suggested. Target range is 1153 S1 to 1144-1142 S2 Support zones. Trade below 1142 clears the way for drives to 1118-1117 S3 Support to 1111-1110 S4 lower Support target.

On the upside, buyers can lightly buy against 1153 S1 Support, Stops below 1150 suggested, then buy the first test of 1144-1142 S2 Support, Stops below 1140 suggested. Cover most Longs against 1166-1167 R1 Resistance. A flip above 1167 sparks an upswing back against 1176 R2 Resistance, however, only solid trade above 1176 signals the Bulls are in control. Targets above 1176 are 1188-1190 R3 to 1202-1206 R4.

Daily Chart:

Click on image to enlarge!

For more from Jeremy, visit www.chartwhiz.com and register for a 1-month free trial to follow his daily and intra-day commentaries.