ESM11 – June E-Mini S&P (Last:1333.75)

June E-Mini S&P (ESM11) price chart with targetsWe’re short a single contract from 1363.00, but keep in mind, as the little s.o.b. slithers out of the ooze yet again, that the seemingly inevitable thrust to stupid new highs will not deny us at least a small profit from a trade ostensibly gone wrong.  Maintain the recommended stop-loss at 1358.50 — and count on using any proceeds we take away from this trade to cushion the stop the next time we get short. ______ UPDATE (12:30 p.m. EDT): Ahhh, that’s more like it! With the futures down 17 points at the moment, our short position is looking pretty good once again, having survived a challenge overnight posed by a feeble, volume-less short-squeeze.  We are still shooting for at least $5000 of profit per contract, so continue to maintain positions.