E-Mini S&P (765.75)

9152Just a little bit more coaxing and night owls will have a dandy opportunity to get long with a stop-loss as tight as 1.00 point. The Hidden Pivot where I am suggesting you try bottom-fishing lies at 765.75, and its provenance is shown in the chart. The futures are currently trading 768.75 and would likely abort the downtrend if they get past 769.50 on this run. However, the 765.75 target will remain viable in theory unless 772.25 (i.e., point ‘C’) is exceeded. _______ UPDATE: The 765.75 target proved too delicate for the 10-point swells that roiled this vehicle overnight. Traders who followed my advice would have been stopped out for a loss of $50 or so.