by Trades with cats » Thu Oct 12, 2017 3:41 pm
ES 2549 is the bottom of the 70% value area. Last time we dropped through that (the 70% Price Action Value area, not 2549) was Monday afternoon with a steep selloff that went all the way to the 20- day average range low. For the record the ADAR low for today is ES 2543.75 just above the S2 pivot. I would expect yesterday's low to be the real target at ES 2546 or better yet 2545 has a nice ring to it. If we do sell into the close I think it will complicate the evening message!