ESM13 – June E-Mini S&P (Last:1639.00)

When Friday’s rally had run its course, the S&Ps had just inches remaining to reach the minimum upside target at 1645.75 shown in the chart. The futures had nonetheless created a promising impulse leg with a 1650.00 target that should come easilyy as the new week begins. Catching a ride will likely be difficult, however, since the only prior peak we’ve got for purposes of leveraging an entry trigger is the obvious one at 1645.75. Breakout artists will be using it for the same purpose, and so I am not recommending the trade except to camouflageurs and/or night owls who have been around the block.