As a result of Friday’s opening trade, initiated a single tick off the intraday high, we are short two contracts with a blended cost basis of 1347.00. Use a 1336.25 stop for now — and take consolation in knowing we can short this little sonofabitch whenever we please without getting hurt, just as we’ve been doing repeatedly for many months in anticipation of a perhaps inevitable market crash.  FYI, although the 1336.25 print that would take us out of the position would fall just shy of creating a new, bullish impulse leg on the hourly chart, because it would do so on lesser chart, I’m using it as a hair-trigger exit signal. If my hunch is correct, any rally that gets past 1336.25 will get past the more obvious one at 1440.25 too.  If you don’t subscribe to Rick’s Picks but would like to know how we identify price targets and attempt to profit even when we are “wrong” about the trend, click here for information about the Hidden Pivot Webinar in late June.  You could also take a free week’s trial subscription that will give you access not only to detailed trading recommendations each day, but to a 24/7 chat room that draws experienced traders from all over the world. _______ UPDATE (2:21 a.m. EDT):  We exited the trade on the stop, booking a theoretical gain of $500 on the trade.  It would appear that DaBoyz have shorts — though not us — on the ropes early Tuesday morning, but if they can push this hoax a bit higher — above 1346.00 on a closing basis, to be specific — we can look forward to shorting again at 1387.50, a Hidden Pivot that would become an even-odds bet at that point. More immediately, night owls proficient at using ‘camouflage’ can attempt to get long on a b-c pullback from just above 1340.25.  If the trade materializes, it looks like an opportunity you should not pass up.