ESZ10 – E-Mini S&P (Last:1188.75)

E-,mini S&P (ESZ10) price chart with targetsThe futures are up nine point Sunday evening — for whatever dumb reason — but it’s not all innocent play, since the move has exceeded Friday’s high, 1187.50, and thus sets up this vehicle for an even nastier short-squeeze at the opening.  The (very) crucial number is 1196.50, equal to an important peak made last April on the way down. If it’s exceeded,  it seems likely the visually obvious peak at 1208.00 just to the left of it will be exceeded as well.