ESZ10 – E-Mini S&P (Last:1222.25)

E-mini S&P price chart with targetsDaBoyz kept bears on the run for a second straight day, presumably locking in their edge for the remainder of the year.  Look at the accompanying chart and see if you don’t agree that a minimum 1240.00 is in-the-bag. It’s hard to predict what kind of cat-and-mouse price action will obtain once the futures top early November’s key structural highs near 1225.00, but any attempts at boarding via camouflage will be more perilous than usual — though perhaps less so if attempted prior to the breakout.