ESH10 – E-Mini S&P (Last:1114.50)

The gratuitous, unmitigated nuttiness of the final 30 minutes of the New Year’s Eve session is being somewhat recanted Sunday night via a timid, five-point rally to entice shorts. Night owls can test the water bottom-fishing at 1112.50, stop 1111.75, but if the stop is hit we could see a subsequent fall to at least 1101.25. On the 5-minute chart. Hidden Pivot aficionados will find the possibility of a camouflaged “buy” on a pullback from a tick or two above 1120.50.