ESM09 – E-Mini S&P (Last:828.25)

es-would-have-to-popThe nearest support, a Hidden Pivot at 820.00, does not look like it would be very useful, lying as it does within 1.25 points of yesterday’s low.  More appealing for purposes of getting long is the look-to-the-left-peak at 837.50shown in the chart, since it could conceivably provide the camouflaged signal of strength that we look for to make entry with the trend. Night owls should note that any further downside exceeding this evening’s so far low at 827.25 would be telegraphing more weakness, since 827.25 is a Hidden Pivot support.