ESU10 – September E-Mini S&P (Last:1059.25)

September E-Mini S&P (ESU10) price chart with targetsYesterday’s rally blew out every target on the intraday charts, and it would be accurate to say that a Hidden Pivot trader could not have gone far wrong by taking every ‘X’ entry point of every uptrending ABC. I won’t hazard a short-squeeeze target for this morning, although the supply line near 1070 noted in today’s commentary would be a logical place for sellers to take a stand. As of midnight, the action was hum-drum, but with a blip around 10 p.m. that suggests nervous-Nellie bears are still having palpitations. If and when they’ve all dropped dead, stocks are guaranteed to fall like a brick.