A subscriber noted in the chat room yesterday that Hidden Pivot targets have been working very precisely in numerous vehicles: “For what it’s worth,” he wrote, “the Hidden Pivot Method has recently become accurate to-the-penny in GDXJ, JDST and JNUG. Prior to this month, like Crude Oil futures, these vehicles needed some leeway. No longer. They are absolutely brilliant vehicles at the moment.”  My response was that this is exactly what we should expect when stocks are trending strongly up or down, as opposed to just meandering.

One thing’s for sure: On the lesser charts, tradable price action can be quite predictable even in such ornery vehicles as the E-Mini S&Ps. Yesterday, for instance, with the futures thrashing their way higher on news that the Fed, as always, was planning to do nothing, I posted a 2003.50 target as my minimum rally objective as the E-Minis were hitting a then-intraday high of 2000.00. Although they dove to 1994.00 immediately after my post, they subsequently rallied to exactly 2003.25, recording an intraday high just one tick from the forecasted top; then they relapsed nearly 12 points to finish the day. The trade could have been worth almost  $600 per contract to anyone who got short at the top.

As it happened, one subscriber did get short — then took spectators ringside as he announced his follow-through in real time. At 3:12 p.m., with the futures trading 2002.50, he posted the following: “Scalp-trade order parked to short ESZ at 2003.”  Then, the rest of the story:  3:15: “c’mon boyz, u can get there”; 3:17: “done at 03”; 3:18: “04.25 hard stop; switched to 1.5 trailer“; 3:22: “$2600 in 5 mins…not bad“; 3:32: “covered 1/2 at 98.5″; 3:36: “Wow, they may take this red!“; 3:40: “-10 s&p points in 12 mins…awesome!”

Awesome indeed. We invite you to join us  in the chat room to see whether you could do these trades yourself.  For a free trial subscription that comes with a seat at ringside during market hours, click here.  A follow-up note: It’s 12:35 a.m. and the futures have been trading in a remarkable, three-tick range for seven hours. Presumably, they are gathering strength for a short-squeeze to the nearest Hidden Pivot resistance above, 2007.50. An easy move through it would suggest yet more strength percolating beneath the surface.  Keep in mind, however, that a VERY major rally target that has been 27 years in coming lies at 2028, basis the cash S&P Index.