ESH12

When the bell rang to end the week, the futures were scraping up against a rally target at 1253.50 that had been disseminated here mid-day. They've come off that high Sunday night, creating a bearish impulse leg with immediate potential to 1245.75. Sellers were stalled precisely at the 1248.50 midpoint sibling of that number, but if it's decisively penetrated without 1251.25 (aka point C) having been exceeded to the upside, the target itself would become on odds-on bet. Alternatively, you should jump on the bull trade if the futures deliver something like the camouflage perfection I've sketched out hypothetically in the chart.