the 2nd idea is we open drops to 74 (78 ES) and then sits sideways followed by a further drop to 66 (70 Es). we also could get a opening pop going right back to the top of the marked areas of 93 (97 - 98 ES). but do expect pretty much same chop till we can clear this multi day distribution. Leaning on the short side due to DOW weakness. but that can change real fast
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will be looking at the range lines narrowed to 2879 and 2886 for today as the boundaries for the choppiness
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No matter what happens now but to see the response to FOMC minutes go right to my line then reverse, one does have to admit that is pretty good premarket heads up.