ESU10 – September E-Mini S&P (Last:1025.00)

I’m sticking with the 992.50 downside target, since the market continues to look so atrocious.  While the broad averages seem capable of  staying afloat, albeit barely, during the day, when there is zero interest, zero sellers, and only Kudlow to buy ’em half-heartedly, just let even a twinge of doubt — about whatever — creep in during the afternoon and stocks fall apart. This shouldn’t be happening in the days leading up to the  Independence Day holiday, and so we shouldn’t be surprised if more weakness lies just ahead.