ESM09 – E-Mini S&P (Last:890.25)

Shortly after midnight, there weren’t enough clues to try and second-guess Friday madness –only a minor downtrend with a flimsy-looking target at 886.00. Because it is derived from a pattern with a “sausage B,” I wouldn’t suggest that night owls go too far out on a limb to bottom-fish there.  A slightly bigger picture with a bullish bias has a rally target at 906.50, provided its sibling midpoint, 897.50, can be brushed aside.  Both numbers will remain valid as long as 888.50 is not exceeded to the downside first.