E-Mini S&P (986.00)

A Hidden Pivot target up at 1046.25 looks like a lock-up if the futures can push aside its sibling midpoint, 982.50. So far, bulls have been repelled after a poke that hit 984.00, but the shallow, flag retracement since looks like a second thrust in the making. Night owls could get long with relatively little risk by buying a 972.75 print with a buy-stop limit. This would create an impulse leg on the 30-minute chart without tipping off momentum players. If the impulse move takes out peak #2 at 974.50 on the same thrust, let it go. _______ UPDATE: Buy-stopping 972.75 would have worked perfectly, producing an overnight gain of as much as $1100 per contract. After hitting 972.75 for the first time, the futures inched up to 973.75 before pulling back to recharge for a nearly uninterrupted, 22-point thrust to 995.75. The futures have pulled back again, but the 1046.25 target looks like it’s in-the-bag.