ESU11 – September E-Mini S&P (Last:1324.25)

September E-mini S&P (ESU11) price chart with targetsOur minimum upside objective is 1340.00, the Hidden Pivot midpoint of the pattern shown.  Although a stall there could hint of serious trouble ahead, a two-day close above the pivot — the outcome that I expect due to the power of the impulse leg from which the target was derived — would be warning shorts to brace for a possible follow-through to 1388.75 (a.k.a. point ‘D’).