The Asian session erased yesterday’s RTH down move, however the European session has been struggling to find bullish footing.  No specific macro economic news has driven the ES Globex rather significant 32 point range as volatility remains high.  Perhaps the lack of Chinese action to prevent further flight of capital is a bearish under tone.  This morning’s numbers could provide some direction, but given recent volatility, it’s doubtful they’ll set a trend.  Size bought into yesterday’s down move and continues buying overnight creating a bullish initial bias.