Shorts held after Monday’s close could have been closed out for a very small gain above 126, although getting long on the same cue would have required the patience to wait several hours for the first camouflage opportunity. From here the futures look bound for at least 12261, a Hidden Pivot that can be shorted with a stop-loss as tight as five ticks. If it’s blown away, look for the rally to continue to 12308. (Both of these targets are easily found on the 15-minute chart.) Night owls looking to board for the expected ride north will find camouflage difficult to find, since the futures are at new highs for this Mother of All Bear Rallies.
