E-Mini S&P (last: 788.75)

e-mini-could-be-setting-upThe impulse leg highlighted in the chart looks very promising for night owls, even if a point ‘C’ high has not yet been established.  If the so-far high at 790.00 endures, however, I’d suggest bottom-fishing at 778.25 (the midpoint Hidden Pivot) using a two-tick stop-loss.  If the futures waft higher Monday night, the midpoint gambit will remain appealing as long as ‘C’ is no higher than 792.00 or so. ______ UPDATE: The correction never even got down to the midpoint, even after the midpoint migrated slightly north overnight to 779.50.  As of 1:50 p.m., the futures were threatening another assault on bears, chomping away at a 799.75 target that is the highest I could have projected for today using the intraday charts.