ESZ09 – E-Mini S&P (Last:1106.50)

Yesterday’s gratuitous swoon was practically the mirror image of  Monday’s equally gratuitous hump. If the futures get squeezed above this tedium, look for a shortable top at  exactly 1121.25. The midpoint sibling of that Hidden Pivot lies at 1108.25, and so a shallow pullback from just above that number — 1109.25 or so — could conceivably be used for a camouflage entry from the long side (see chart).