Since nothing seems to slow this beast down, I’ve used the ‘D’ target of a pattern stretching back to mid-November to project minimum upside to 7163.25 over the near term. Although bulls did not penetrate its p midpoint decisively in their first two attempts, they’ve shown irresistible power for so long that we have to assume that any rally target will be achieved. Even so, this one is sufficiently compelling that there is likely to be tradeable resistance there. Short it with a small-interval (i.e., ‘camo’) trigger, but be prepared to cover at least a portion for a small profit.
ESH26 – March E-Mini S&P (Last:7004.4)
