ESH10 – E-Mini S&P (Last:1093.00)

Some chartists like to work ABCD patterns in the manner shown — and so shall we for once, although I’d suggest using the ‘D’ target analytically rather than for bottom-fishing.  Other potential swing lows for today lie at 1083.50 and 1077.75.  Those numbers represent, respectively, a 50% retracement, and a 61.8% retracement, of the rally cycle begun  on February 12 from 1060.00.