ESU09 – E-Mini S&P (Last:1039.00)

The futures are getting whacked a bit harder than usual Sunday night, hinting that it may be more than a garden-variety shakedown.  That doesn’t mean DaBoyz will not find a price at which they can rape fearful sellers — only that the process may require a little more sneakiness than usual. In any event, the hourly chart will remain undisturbed as long as the futures hold  above 1027.00. A print below that number would create a bearish impulse leg, however, and it would be especially significant because it would follow a peak that had missed a Hidden Pivot target (i.e., 1053.00) by nearly five points.