ESM14 – June E-Mini S&P (Last:1875.25)

Short-covering recouped only half of the Thursday’s losses –a particularly timid showing for a Friday. Since the subtle delicacy of my last trading idea was trashed by the indelicate thrashing of bulls and bears trying to knee-cap each other ahead of the weekend, I am not going to offer any clever day-in-advance suggestions for Monday. Suffice it to say, Thursday’s downdraft created a bearish impulse leg on the daily chart that was still very much in effect at the final bell, even if buyers were momentarily on-the-ascendant.