The futures have gotten squeezed for 17 points since bottoming late Thursday afternoon, so there are obviously a few short-sellers left with more guts than brains. Night owls could take advantage by bottom-fishing at 900.50, stop 899.75. That’s the midpoint support of the radically unintuitive ABC pattern shown in the chart, and it looks as enticing as any opportunity I can find on the lesser charts. The trade would be negated if the futures move above the point ‘C’ high at 915.00, although you could adjust the point ‘p’ upward if that occurs.
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