ESZ09 – E-Mini S&P (Last:1024.75)

A thrust above a minor, 1034.75 peak made last Thursday on the way down is needed to get back in bullish gear, albeit a low one.  Failing that, there doesn’t seem to be enough fear at the moment to produce follow-through selling the equal of the impulsive move we witnessed on Thursday. It may take a rally of one or two days’ duration to set the hook so that bulls can be reeled in, gutted and filleted.