ES Drop From 1224 Should End Today

ES Drop From 1224 Should End Today

I will reopen my long position either later today or early tomorrow. If the market is particularly strong then the drop should be limited to the 1186 support level. However if ES closes the hour far below 1186 then there is a good possibility the drop continues down to 1174.5. But I expect 1174.5 to hold in all circumstances. By 10:30AM EST-11:00AM EST I would like to see some basing action signaling the low of the drop from 1224.75 is in.

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