YMZ10 – E-Mini Dow (Last:11440)

I’ve reproduced the Mini-Dow’s chart because it contains an opportunity similar to the one discussed in today’s E-Mini S&P tout.  Note how a quickly formed A-B-C has begotten a tedious upward grind whose so-far high lies just shy of a longstanding ‘D’ target at 11491.  You can short it with a stop-loss as tight as four ticks, but if the stop is tagged I’ll suggest trying again at 11510, a target derived from using the lowest low shown in the chart as point ‘A’. _______ UPDATE: The futures topped for the day at 11487, four ticks below the target, but I’ll suggest canceling the order rather than trying for sloppy seconds.