ESU10 – September E-Mini S&P (Last:1084.75)

During yesterday’s weekly tutorial session (which as always was recorded for posterity), we nailed the intraday low at 1085.75 within two ticks, but the breach of the support in after-hours trading portends still more downside overnight to at least 1082.00. That would freshen the bearish impulse on the intraday charts, since the target lies beneath the key low at 1083.50 recorded on July 30. An even more important support at 1050.75 from a low made ten days earlier will almost surely be tested if 1082.00 is breached on a closing basis.