ESM13 – June E-Mini S&P (Last:1652.75)

A key target at 1647.50 that had been weeks in coming survived for all of a day, suggesting that buyers have merely been getting warmed up. Now let’s see how they do versus a minor target at 1665.00.  As of early Thursday morning, the onslaught had stalled a tick from the 1657.00 midpoint pivot. If they surmount it before morning, the week could end with a short-squeeze rampage.