ESZ10 – E-Mini S&P (Last:1198.00)

E-mini S&P (ESZ10) price chart with targetsTake a look at the chart if you want to see a worthless day of navel-gazing.  When I wrote as follows, I only hope that I saved you the tedium and minor anguish of tracking the futures for six pointless hours: “Let’s spare ourselves any ambitions in this vehicle today…”  Anyway, today is potentially a different story if DaBoyz kick off Thanksgiving week’s obligatory short-squeeze coming out of the gate.   The Hidden Pivot resistance to monitor lies at 1199.50 — exactly where Friday’s head-butting inanity paused no fewer than three times. A three-point move above it today, or a close above it, would portend more upside over the near term to at least 1228.00.  Here are the relevant coordinates from the 60-minute chart: A=1167.75 (October 27), B=1124.75 (November 9).