There's a very pronounced hammer on FCX, which looks like a very good bounce play considering the severity of the recent sell-off.
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Inflection Points (by Springheel Jack)
Yesterday was a mixed day for technical signals but did deliver some useful levels, trendlines and inflection points. On both ES and SPX we now have clear declining channels from the high. These are shallow and look corrective so far. Here's how that looks on the ES 60min chart, with the notes that positive RSI divergence should be disregarded as the bounce between went over RSI 60, and that a break above this channel would look bullish and should deliver at least a test of the highs:
