$ ESU15 – Sep E-Mini S&P (Last:2116.25)

Updated June 23, 11:25 p.m. EDT

The bullish pattern shown implies a 45 point rally lies ahead, with a move precisely to 2161.00, the pattern’s Hidden Pivot target. This outlook should not be regarded as a done deal, since the futures have yet to push decisively past the p2 pivot at 2127.00. But the fact that this resistance contained the last rally exactly, and that the p pivot at 2093.00 did the same the first time it was hit, strongly confirms that we are using the right pattern to come up with a potentially important top. To get long, I’d suggest using an ABC uptrend extrapolated from the 15-minute chart (or less) if and when the futures pull back from 2-3 points above 2127.00.

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