ESM09 – E-Mini S&P (Last:883.50)

Selling Sunday night was conspicuously gutless, suggesting DaBoyz were accumulating contracts in anticipation of taking them higher on Tuesday.  They’ve been playing this game for the last three sessions without much success, but the long weekend may have provided that extra dollop of nervousness they will need to get a short-squeeze going.  Night owls can try bottom-fishing at 883.00, a minor midpoint support, but if it gives way, expect more weakness down to at least 880.50 This is little stuff, but that is where our focus should be if we want to try to get aboard near a bottom with relatively little risk.  Alternatively, if the futures move higher without first dipping below 882.50, look for a rally to at least 893.25 a Hidden Pivot.