ESM10 – June E-Mini S&P (Last:1107.00)

Yesterday’s installment of the daily comedy played out just as predicted during the impromptu webinar — i.e., with the E-Mini S&Ps hitting a short-able Hidden Pivot in the final minutes of the session. I’d suggested a three-tick stop-loss for an 1110.50 short, but those of you who had the guts and good sense to stand pat against the actual high at 1111.50 will have only pleasant choices to make Tuesday night. The futures  have sold off to 1106.75 so far, so taking a partial profit would be wise. For those of you who simply bought DIA puts as I’d suggested, I’ll track four July 96 puts @ 0.70. I won’t hazard any predictions for today, since the futures did all that I could have predicted for them yesterday. ______ UPDATE (3:49 p.m. EDT):  The dike has held — for now.  The futures spent the entire day lapping at an alternative Hidden Pivot target at 1115.25 that I’d furnished in today’s DIA tout and in the chat room, never getting any higher than 1114.75.  Like the Terminator, however, short-covering bears will be back tonight/Thursday — and nervous — unless there’s exceedingly bad news overnight.