ESU11 – September E-Mini S&P (Last:1322.75)

September E-mini S&P (ESU11) price chart with targetsIn volumeless after-hours trading, DaBoyz have sleazed the futures above the 1323.25 peak that had resisted their depredations during the regular session. This is the threshold I’d said would need to be surpassed in order to refresh the bullish energy of the intraday charts.  Now that this has occurred, it will shift the focus to a Hidden Pivot resistance at 1340.00 that can serve as our minimum upside objective for the near term.  This is not a place to try shorting (other than via camouflage, of course), but to observe the degree of difficulty, or perhaps ease, with which the resistance is surmounted. If it is quickly brushed aside, however, that would put into play its ‘D’ sibling at 1388.75 — equivalent to a 500-point Dow rally from these levels. You’re just six hours from learning how to forecast stock and commodity prices better than some gurus who do it for a living. Click here to find out how — and save $50 on next month’s Hidden Pivot Webinar.