ESZ11 – December Mini S&P (Last:1187.50)

December Mini S&P (ESZ11) price chart with targetsWe should brace for more upside, since minor-thrust peaks yesterday routinely exceeded their targets, if not by much. There’s also the not inconsequential push at day’s end past 1190.00, a visibly distinctive high recorded on September 27 that presumably would have been more trouble  if this short-squeeze rally were lacking in gumption.  Most immediately, as of around 12:30 a.m., the futures were working on a short-term target at 1201.00 whose coordinates are shown in the chart.  We should infer more strength if it’s easily exceeded, but leveraging it, even via camouflage, could prove tricky because of the two imposing peaks near 1214 that were created in mid-September.