ESH19 – March E-Mini S&P (Last:2342.25)

The 2327.50 target shown is a slender reed to lean on, but it’s all bulls have at the moment. It coincides with a downside target in AAPL that lies just beneath Monday’s close, so we might look for the the two to sync up in the early going on Wednesday. A three-tick stop-loss is all it’s worth if you bottom-fish, but the opportunity to do so will depend on how this vehicle greets the day. If the support is easily exceeded I have no alternative target to offer you at the moment — only the inference that sellers could be ready to romp once again.