ESM09 – E-Mini S&P (Last:848.50)

Nothing has altered the appeal of the 892.75 rally target broached here earlier, and it should be held as our minimum upside target as long as support at 823.00 is not breached. In the meantime, expect bulls and bears to continue to duke it out above and below 857.00, the midpoint sibling of the 892.75 Hidden Pivot. _______ UPDATE (11:20 p.m. EDT):  Moderately weak in after-hours trading, the futures looked bound for 844.00, a minor Hidden Pivot support that can be bottom-fished with a stop-loss at 842.75. You’ll be on your own if this one fills, but keep in mind that it’ll take a rally of at least 3.75 points to put you in a position to take partial profits or implement a trailing stop. ________ FURTHER UPDATE (10:25 a.m. EDT): With the futures on their way down to an overnight low at 838.50, the trade was stopped out for a $63 loss after bouncing 3.00 points.