May 6, 2009 Tutorial

We took a good look at July Silver, since it looks to be quietly consolidating for a major push. There were some promising ways to get long ahead of the move, and we examined them in detail. We also found a short in the E-Mini S&P that was in the process of delivering gains of as much as $500 per contract within the hour. Any rally that followed and which exceeded the ES target at 912.25 was all but guaranteed to reach 917.75, or possibly 933.50, for reasons made clear in this video. We also touched on some of the ways in which Hidden Pivot analysis can help bring us to a basic understanding of the psychology of the market.