Quote from JoshDance:
As I am relatively new to ES, was that spike news related, stops from shorts overnight getting run, or "normal"?
Possible that it's trapping longs for another push down to the 20s?
EDIT: according to my interpretation of one of the charts here, 25 to 27 may be a good buy point. Will be interesting to see what happens on this Friday.

Quote from Laissez Faire:
Study the recent history. Fairly normal
If you think we trade down to 25-27, why not short it?
I think at least a test of yesterday`s lows should be expected.
Very volatile morning this far with no established direction yet.