NQH10

A potential camouflaged entry signal was developing early Thursday morning, based on the pattern show in in the accompanying chart.  What is required to trigger a buying opportunity is a gentle probing above peak #1 (1608.00) that does surpass peak #2 (1609.00) without first pulling back the required 9.25 points (i.e., 0.618 of a k-A segment measuring 14.75 points).  I usually don't provide such abstruse details, but the trade has home-run potential if it meets the rather narrow set of parameters required, and I therefore wanted to provide enough information to allow experienced pivoteers to track it's development in the chat room.  _______ UPDATE (7:51 a.m. EDT): An overnight rally blew our camouflage opportunity to smithereens with an initial thrust to 1612.75 that easily exceeded both peaks shown in the chart. DaBoyz having failed to conceal the eagerness of buyers even when relatively few were watching, we should brace for more short-covering later this morning.

An hour or so before yesterday's close, a hawk-eyed pivoteer found the 1521.25 target show in the chart. Alas, the futures titillated with a last-minute push to 1520.25, leaving too little time to initiate a trade with any hope of exiting comfortably before the close with a gain. Even so, the analytical usefulness of the target remains, since, if it fails to contain short-covering this morning, we should brace for panic buying that could push the futures as high as _____ over the near term.  In case you're interested, that target comes from the hourly chart, where A=1346.00 (May 26).

If the futures make it down to _____, that's a Hidden Pivot support that will be  well worth bottom-fishing. An initial stop-loss as tight as ____ can be used, but switch to a 2.50-point trailing stop if the expected bounce hits _____. Minimum price objective: 1416.50.