ESU10 – September E-Mini S&P (Last:1123.25)

No change:  An all-too-familiar rally target at 1136.50 remains our minimum upside expectation, but the futures will need to surpass mid-May’s 1142.75 peak to hint of still more upside to come.  There’s a second pattern that projects to 1141.25, but that too would fall just a tad shy.  Either of these Hidden Pivots can be shorted with a one-point stop-loss, but I wouldn’t suggest initiating the trade if the target is hit in the final 60 minutes of the session. Please note that you’ll be on your own if it fills.