Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.


Is the rally from Fri.'s low at 1177.50 over? Well, my work argues that if the e-SPH declines below 1177.50, then the upmove is complete, and another loop to the downside already is in progress. Keep in mind that we have an unfilled gap at 1175 left behind on Sunday eve's opening... So any break below 1177.50 likely will press immediately to 1175 to fill the gap-- AND if no buying interest emerges at 1175, then look out below! (1166 here we come). Conversely, barring a break of 1177.50, upside potential will remain viable into the 1184-1185 original target zone.

For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary at. Or try his QQQ Trading Diary.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!