ESM11 – June E-Mini S&P (Last:1330.75)

June E-mini S&P (ESM11) price chart with targetsCamouflage-equipped scalpers can have this vehicle all to themselves today, since I’m not going to take the bait and try to predict that “something” is likely to happen.  Better you should flip a coin.  After nearly two weeks of aimless shuffling beneath February’s “neckline,” the futures have made a hash of the inverted head-and-shoulders that some of you may have been looking at. For what it’s worth, it doesn’t look like distribution to me.