Despite my bullish outlook for the E-Mini S&Ps, the 45.44 rally target flagged here a while back still looks sufficiently persuasive to justify our risking small change to short it. I’ll suggest buying two January 46 puts (QQQMT) for around 1.02 ( instead of the original four January 45 puts) when the Cubes get within a few pennies of the target. Stop yourself out if the puts trade 0.15 below their purchase price. If the stop is hit, the Cubes are signaling more upside to at least 46.00, another place where we would attempt to get short. The last stop, Hidden Pivot-wise, would be at 46.91, where I’ll be more eager than ever to lay ’em out. Bottom line: Save some ammo for later, just in case.
