For today's Mid-Day Minute, Mike writes: For nearly the past 24 hours, the E-mini Sept S&P has been confined to a narrow range (1106-1102) right beneath yesterday's high of 1106.50. Both the pattern carved out during the last several hours and our hourly RSI momentum gauge could be viewed as a high-level bullish coil atop the upleg off of the August 13th low of 1060. If that proves to be an accurate assessment of the pattern, then we must be prepared for one more burst of strength into new recovery high ground prior to our anticipated downside reversal. The upside target zone for such a pop is 1107 to 1110. It is with that in mind that we raise our stops for the final hour of trading, and wait out the final minor phase of the approaching price peak.