E-Mini Dow (8002)

9088The Mini-Dow was wafting gently higher Monday evening, presumably bound for a Hidden Pivot at 7987. The target is not recommended as a short because the top of the impulse leg is defined by a “sausage” B that failed to get past the obvious peak to the left of it (see chart). However, from an analytical standpoint, an easy move through 7987 would suggest the beginnings of a short-squeeze that could quickly push the Dow another 70-90 points. _______ UPDATE: The futures rallied, consolidating just above 7987 late in the session, then pushed 76 points higher, as anticipated, before selling off moderately into the close.