ESH11 – March E-Mini S&P (Last:1300.50)

March E-mini S&P (ESH11) price chart with targetsTo remind you: We’re focused on two objectives right now: 1) Shorting 1356.00, a compelling Hidden Pivot target that’s been in our sights for a while; and 2) guarding diligently against the possibility that this Mother of All Bear Rallies will die without having reached the target.  More immediately, though, traders with infinite patience can try to leverage yesterday’s soporific tedium by staying alert to any impulsively bullish thrust on the three- or five-minute chart. Relatively few of our competitors are likely to care about such things after yesterday’s death dirge, and that is why a possible change in the pattern spells opportunity.