ESM09 – E-Mini S&P (Last:821.25)

leverage-for-night-owls1A mini-wilding spree in the final half-hour of Wednesday’s session brought the futures back to within easy distance of the day’s highs, setting up a minor rally pattern in the process that points to 815.00, minimum.  As of 7:15 p.m. EDT the rally had stalled precisely at the 810.25 midpoint, but any move through it later tonight could provide night owls with an opportunity to leverage the five points of upside that would presumably remain. _______ UPDATE (12:10 a.m. ): DaBoyz squeezed boldy on who-knows-what news, whipping and driving the futures as high as 823.25 so far tonight.  This quasi-criminal opportunism is not likely to get much further than 830 or so overnight, since that’s where the would-be hijackers will run into some serious supply. But if they can merely maintain altitude till Thursday’s opening, that may suffice to leverage a fresh wave of panic at the bell. That would be good for a push, probably, to 843.75, a very short-able Hidden Pivot that would be equivalent to a Dow rally of 300 points.