ESU14 – Sep E-Mini S&P (Last:1996.50)

At this rate, it may be Christmas before my very modest (and very short-able) rally target at 2008.00 is achieved.  True, there is no actual, bullish buying to make it happen, only demand from short-covering bears that has been anemic lately. But the corrections have been shallow as well, keeping shorts pinned on the ropes.  Nevertheless, so that we don’t miss an important downturn while we’re busy getting bored to death, I’ll suggest setting a screen alert at 1992.00, which is where the hourly chart would be warning of possible trouble. _______ UPDATE (Aug 27, 6:29 p.m. EDT): Zzzzzzzzzzzzzzzzzzzzzzzzzzzzz.