ESM13 – June E-Mini S&P (Last:1611.00)

The 1593.75 downside target shown is analogous to the one at 14899 that I’ve flagged in today’s DJIA tout.  It is an obvious place to attempt bottom-fishing or to try shorting if the futures should rally first to the 1619.75 midpoint pivot, which is now resistance. Camouflage is the preferred tactic in either case.  As I’ve noted in the Dow analysis, an easy breach of the target would imply more weakness to come.