Friday’s erratic behavior left the futures bound for the bearish, 2310.00 target shown. However, because the bottom of the session’s swoon did not breach the 2333.00 midpoint pivot decisively, bulls will have a fighting chance to turn things around Sunday evening or Monday morning. That would require a push above 2356.00 to negate the pattern and its target. Meanwhile, the rally back up to the green line late as the week drew to a close tripped a ‘mechanical’ buy signal in theory, stop 2356.25, but we’ll let it pass, since there’s no predicting what kind of mood traders will be in now that the focus of their recent obsessions, Trumpcare, has been taken off the table. I may update Sunday night if there’s significant upward movement, but unless that occurs, you can use the 2310.00 target as a minimum downside objective.
