E-Mini S&P (867.75)

9105With this sub-par short-squeeze about to enter its third day, a Hidden Pivot resistance at 882.75 is about as high as we should expect over the near term. The provenance of this target is shown in the accompanying chart. It looks almost too pretty to short, though, given the picture-perfect symmetery of the pattern that produced it. However, from an analytical standpoint, an easy move through the resistance would hint of more carnage to come for bears who may have placed themselves in harm’s way. The futures looked set to pop above a key high at 876.00 recorded on January 28, but until that happens, pivoteers can use the 15-minute chart to find leverage-able abc patterns with impulse legs subtle enough to yield low-risk entry opportunities.