ESH11 – March E-Mini S&P (Last:1328.50)

No change since yesterday. Besides a major Hidden Pivot at 1356.00, there are two rally targets immediately above that come from lesser patterns.  They lie respectively at 1332.75 and 1339.25.  You can short the first with a stop-loss as tight as 1333.25; and the second, stop 1340.25. We are risking relative nickels and dimes so that if the futures don’t quite make it to 1356.00, we’ll have a horse in the race. _______- UPDATE (10:48 p.m. EST):  As noted elsewhere on this page, a modest after-hours rally in the E-Mini S&P has triggered the first of two scalp-shorts I’d suggested. Assuming an initial stop-loss of two ticks was used as advised, partial-profit taking could commence as early as 1331.50.