E-Mini Dow (11477)

If the week begins with a feint higher, there’s a midpoint resistance at 11282 where we could attempt shorting with an initial stop-loss as tight as 11291. More bizarre still would be a decisive move past that number, since it would imply additional psychotic action to as high as 11381. I see no downside targets of particular interest, nor would I recommend bottom-fishing them aggressively if I did. _______ UPDATE: Sunday night’s thrill circus has pushed the futures w-a-a-y above the higher target given above, so here’s a new one to tide us over for today: 11717. Its midpoint sibling at 11566 isn’t worth much for trading purposes, since it sits just above the supply zone created by Thursday/Friday’s gratuitous chop. If the midpoint is decisively breached, though, consider it fair warning that another 150 points of upside is coming.