ESU11 – September E-Mini S&P (Last:1218.25)

September E-Mini S&P (ESU11) price chart with targetsA 1241.00 rally target, as stale by now as a potato chip discovered under a seat cushion, is still our featured number for better or worse. Forget about camouflage, since the trek to our target is producing as many shorting opportunities as buying opportunities. Most immediately, there’s a minor rally pattern projecting to 1227.75, subject to interference at a 1220.75 midpoint that has yet to be reached. (The high so far is 1219.25).