ESM11 – June E-Mini S&P (Last:1334.00)

Despite the E-Mini’s mindless, flea-bitten histrionics of the last two days, we remain short a single contract from 1363.00, stop 1358.25. My minimum downside target for the minor cycle is 1310.0, but my intention is to implement a trailing stop only after the position has gone 100 points in-the-black.  If you hold more than a single contract, however, I would strongly suggest taking profits near 1310.00 so that only a third of your original position remains.