ESU11 – September E-Mini S&P (Last:1202.50)

September E-Mini S&P (ESU11) price chart with targetsIt was stumble-step-step-stumble yesterday, but because the futures got past a minor Hidden Pivot resistance I’d flagged at 1215.00, they should be presumed on-track for a run-up to 1241.00.  The action was so erratic that there will probably be little value in my suggesting a camouflage strategy for Tuesday night.  In fact, the futures were weakening as we went to press, and a further 10 points of downside from here, exceeding a prior low at 1192.00, would turn the hourly chart bearish.