ESU09 – E-Mini S&P (Last:1004.75)

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Yesterday’s rally, tired as it was, surpassed our 1002.00 benchmark nonetheless, and with it an obscure November peak whose breach could refuel bulls for yet more weeks or even months. The 1008.25 rally target of two minor patterns is still valid, but it will be less enticing as a place to try shorting than if it had been hit the first time around.  A 1009.25 stop-loss is advised once again, but don’t jump on this one if you are not confident that you can exit it nimbly if needed.


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