ESH12 – March E-Mini S&P (Last:1370.50)

March E-Mini S&P (ESH12) price chart with targetsThe 1396.25 rally target in the chart is somewhat more bullish than the 13085 target I’ve drum-rolled for the Dow (once again in today’s commentary), but it looks too clean and compelling to ignore — especially with yesterday’s touchy-feelly return to the exact p midpoint of the rally pattern. A camouflage boarding pass will be hard to come by in a bull move so advanced, but Pivoteers should note that there is at least potential ‘camo’ cover in the two-tick gap between external peaks at 1373.25 (60-minute chart, 2/28 at 8 a.m. EST) and 1373.75.  A stall at the higher number could yield the B-C pullback we’d need to jump on at X for the final thrust to 1396.25.