As far as I know Larry Pesavento is an astrologer and his map tool is based on astrological aspects in a similar way as Bradley siderograph. I believe this to be useful to a degree but primarily on a longer time frame charts and not that reliable on intraday time frame.
It seems to me there is a new black box, trading about 1000 ER2 contracts and that's what is causing those sharp moves for a past few days.
what about the pit-traded Russell 2K future? does that one have volume? won't there be arbs playing between pit future and ER2 to smooth it out ?
As far as ER2 goes, the intraday Pesavento forecast has been right on the money (I thought Larry Pesavento is a trader works for some fund, I read some of his trading books several years ago.) The ER2 map is based on thousands of fib retracements/extensions and time consideration of ER2 itself, not astrology: I shorted right at the open at 659 based on the map. The afternoon direction movement was almost identical See attched file for the day. The white line is Pesavento map.
Again, don't rely on it to trade, just use it as a reference from a different perspective. I use many other indicators to make a trade decision. I have many indicators at different timeframess/ticks for ER2 on five monitors. MACD/STO/CCI/RSI/DMI/AROON/MA/Support/Resistence, fib, double top, double bottom, candlesticks, study chart formations and patterns (cup/handle, head/shoulder, triangles, channels etc), divergences, time of the day, compare to YM/ES/NQ/TRIN$/TICK$ etc...