ESU09 – E-Mini S&P (Last:1020.50)

If 1021.50 is not exceeded to the upside overnight, you can bottom-fish with a 1012.50 bid, stop 1011.75.  This is an enticing Hidden Pivot midpoint, but if it’s breached we should expect the futures to continue falling down to 1003.75, its ‘D’ sibling. ______ UPDATE (10:07 p.m.):  The futures have rallied above 1021.50, a mildly bullish development that negates the trade as given, although not the pattern itself, which could still produce a higher midpoint worth buying.