ESM09 – E-Mini S&P (Last:942.25)

Hidden Pivot seminar grads should be feeling deja vu when they look at the choppy rally that has been taking the futures higher without yielding much in the way of trading opportunities.  The 985.30 rally target here was a “go” from 938.25, when a long entry was triggered according to our rules.  However,  the subsequent swings would have eroded the patience of even the most confident bulls, since risk:reward for a buy-and-hold position has been rendered increasingly unfavorable with each gratuitous swing.  Meanwhile, I wish that I could offer night owls a succulent morsel to tide things over, but the futures have been manipulated into an extremely narrow holding pattern that yields no handholds.