ESZ10 – E-Mini S&P (Last:1194.50)

E-mini S&P (ESZ10) price chart with targetsShortly after 8 p.m. Eastern, election-night silliness has pushed the future as high as…1196.50, the precise number above which I’d implied it would be open hunting-season on bears. The hourly chart suggests the rally will hit a minimum 1205.25, which would roughly equal the 175-point opening I’ve projected for the Dow Industrials.  I’ll recommend shorting the target with a stop-loss at 1206.25, but be particularly careful if the trade triggers in the dead of night.