ESM11 – June E-Mini S&P (Last:1310.75)

A 1291.75 downside target given here yesterday remains viable, although we might see a bounce from a lesser hidden support at 1297.50.  The higher number looks like the better place to try bottom-fishing with a tight stop, since the lower closely coincides with a key low at 1290.25 recorded on April 18. If that last number is breached on a closing basis it would imply that the selloff from the May 2 peak is picking up steam and is likely to continue into next week. Minimum downside target thereafter: 1276.50.