ESM10 – June E-Mini S&P (Last:1155.75)

Friday’s wilding spree didn’t quite reach the nakedly ambitious target at 1170.75 that I’d said would max out the move, so it’s still valid.  Above it is a new target at 1205.25 that came into focus as a result of yesterday’s price action.  It is tied to an 1174.75 midpoint that hasn’t much trading value, since it coincides with some important highs recorded last Wednesday.  Night owls should look for a possible buying opportunity on a pullback to 1151.50, a minor midpoint support that comes from the hourly chart (A=1159.50). _______ UPDATE (1:15 a.m. EDT):  The futures are in screw-the-pooch mode tonight, having dipped as low as 1148.50. It looks like it’s going to be a long night.