ESZ11 – December Mini S&P (Last:1205.50)

December Mini S&P (ESZ11) price chart with targetsAfter opening on a small gap down Sunday night, the futures have flatlined for nearly six hours. This tedious dirge has left an 1194.50 downside target given here on Friday undisturbed, although I’d suggest using it to bottom-fish only if entry is via camouflage. (Check Friday’s post in the archive for further details.) A bigger-picture target lies at 1152.25, the midpoint support of the pattern shown. Click here if you’d like to learn how to do these trading tricks yourself.