Volatility is defined by days like today.  the rally looked for yesterday arrived and was stopped at the prior short entry of 1143 which then turned the market down to the 1111 target.

Daily – next target on the down side is 1096.50 with risk to 1048.75.  need to take out the high of May 18th to restart the up move.
trade pressures have turned down,  the time pressures turn down May 28th.
so look for some acceleration.