ESH10 – E-Mini S&P (Last:1134.00)

With punk earnings from Alcoa as an excuse, it should have been a piece of cake for DaBoyz to execute a vicious shakedown yesterday. Instead, valiant sellers struggled for yardage with the Dow down barely 100 points but gained only tough inches.  With nowhere else to go, the averages swung around, recouping more than half  the day’s losses by the bell.  They were presumably in good position to  put the squeeze on bears yet one more time on Wednesday.  If that happens and you hanker to play, I’ve sketched out a path of excellent camouflage for you to follow in the accompanying chart.