ESZ10 – E-Mini S&P (Last:1134.50)

E-Mini S&P (ESZ10) price chart with targetsRather than act surprised that DaBoyz could not spook the futures up to our 1151.25 target, we’ll simply infer that would-be buyers are having serious misgivings.  There weren’t quite enough doubts to turn the hourly chart bearish by the bell, however, but a little downside follow-through to just 1129.50 would do so today. Be warned, though, that if rationality were to slip beyond the bounds of my chartist-enfeebled imagination, not only would 1151.25 be in play, but so would an even more fantastical target at 1168.00 whose provenance is shown in the accompanying chart.