ESH11 – March E-Mini S&P (Last:1328.00)

March E-mini S&P (ESH11) price chart with targetsSo feeble were buyers yesterday that DaBoyz couldn’t even short-squeeze this vehicle above the 1334.75 threshold where I’d said the rally would turn lethal for bears.  They’ll have another chance today, though, since sellers have been even more feeble resisting an uptrend that has been all waft and no thrust.  The nearest Hidden Pivot lies at 1334.25, just shy of our trigger level, but I wouldn’t count on it for stopping power.  In any event, we’ll want to short an old target at 1356.00 if and when the futures get there, since th target (shown in the chart) remains valid. Pivoteers may notice a pair of purple coordinates that define yet another bullish possibility. Their D target is 1373.25, and so a stall at the associative midpoint, 1333.00, could have predictive value.