ESZ10 – E-Mini S&P (Last:1181.75)

E-mini S&P (ESZ10) price chart with targetsThat’s twice now that the little s.o.b. has played peek-a-boo with the 1196.50 peak spotlighted in today’s commentary. My gut feeling is that DaBoyz will eventually drop kick the futures through the goal posts, further hallowing this the Mother of All Bear Rallies in the record books.  In the meantime, although the constipated price action is theoretically tradable, I’ll leave the devilish details to you, dear subscribers. Keep in mind that churlish, stupid, gratuitous price action such as we are seeing is ideal for camouflage day-trading, provided you are satisfied with bunting and hitting singles all day long.