ESZ10 – E-Mini S&P (Last:1217.75)

E-mini S&P (ESZ10) price chart with targetsSo far, Sunday night’s five-point selloff in the E-Mini S&P looks almost as unconvincing as the one in Gold.  The futures are at the low end of an extremely tedious, seven-point range they ‘ve been plying since early Friday morning.  The result is a sine-wave-of-a-snoozefest that has generated no impulse legs worth noting even on the lowly five-minute chart. My gut feeling is that the futures will need to hack and wheeze for another 2-3 days before they attempt to replicate the hysterical steepness of Thursday’s QEII thrust.