Okay, here’s the plan. Now that the S&Ps have whipsawed their way to fabulous new recovery highs, we are going to be triply cautious instead of treating our 1356.00 target as though it carried an ironclad, money-back guarantee. Why so? Well, try to imagine how many hosers would be caught with their pants around their ankles if the broad averages were to go into a horrific dive right now, after they’ve seemingly weathered headline global strife with flying colors, serenely oblivious to any and all dangers save perhaps the closing of the Suez. As a practical matter, we’ll plan on shorting the bejeezus out of 1356.00, assuming the futures get there. We will have to do so using camouflage, however, since the target may be too well-advertised by now to give us an “exclusive.” To effect a timely signal, I’ll post the trade in the chat room first, and then via an update to the E-Mini S&P tout itself. The signal could come later this week or not at all, so you’ll need to be alert. More immediately, the March Mini was noodling around just off Tuesday’s highs, but the only decent “camo” opportunity — a midpoint buy at 1300.25 the came at 6:15 p.m. EST on the five-minute chart — is past.
