For purposes of forecasting, the Indoos’ hourly chart provides much greater clarity than that of the E-Mini S&P, so let me give it a whirl: 9158.31 is the target that leaps out at me, and you can see its provenance in the accompanying chart. Short the E-Mini DOW (NQ) or the Diamonds by interpolating the target, but I wouldn’t risk much, since you’ll be stepping in front of a speeding freight train. I’ve used the one-off ‘A’ here because it’s so pretty, but if it is the lower ‘A’ which eventually determines the target, the top would occur at 9170.34. I’ve used two decimal places because I like the way this pattern looks.
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