ESU10 – September E-Mini S&P (Last:1119.25)

September E-Mini S&P (ESU10) price chart with targetsThe futures continue to lag the Dow, since yesterday’s rally in the Mini S&Ps conspicuously failed to create a bullish impulse leg on the daily chart.  That would have taken an 1129.75 print, versus an actual high at 1124.25.  Coming in today, however, a print at 1143.00 is all it would take to remedy this vehicle’s seeming timidity, since that would exceed two “external” peaks of daily-chart degree.  We’re in crucial territory here, for sure, and it is essential that buyers take out both of the external peaks without pausing for breath if they are to dominate for the remainder of the summer.