E-Mini S&P (842.50)

The bullish outlook hasn’t changed since I posted targets at 843.25 and 862.50 in the chat room Monday morning. The futures were selling off hard at the time, but this maudlin note of despondence occurred after the March contract had already pushed past four prior peaks on the hourly chart, guaranteeing lots more upside unless Armageddon interceded. Many hours later, at 2:15 a.m., the original targets were still valid, and the higher of the two would still be short-able, stop 863.25. The first is a midpoint resistance, and if it is exceeded by just a little — say, by a print at 845.00 — I’d infer the push to 862.50 is under way. _______ UPDATE: The futures screwed the pooch from bell to bell, but the 862.50 target is still valid.