ESU10 – September E-Mini S&P (Last:1121.00)

September E-mini S&P (ESU10) price chart with targetsThe futures are within easy distance of generating some potent bullish impulse legs on the larger intraday charts, since it would take just a 22-point rally on top of Sunday night’s wilding spree to knock off three — count ’em, t-h-r-e-e — external peaks.  If this were to happen today, bears should accept the possibility that there may be no relief in sight for at least a month.