ESH11 – March E-Mini S&P (Last:1310.50)

March E-mini S&P (ESH11) price chart with targetsA predicted fall to at least 1286.50 looks to be on-track, since yesterday’s close was beneath the 1311.50 midpoint sibling of that Hidden Pivot.  Shortly before 10 p.m. EST, there was a smaller bearish pattern developing that projected to 1289.25.  Since just a small upward feint could destroy it, I’ll suggest checking out the chart I’ve provided before you consider a camouflage short.  _______ UPDATE (1:59 a.m. EST): I couldn’t find any news to explain how the night-shift dirtballs have been able to short-squeeze this gas-bag a laughable 8.25 points, but that’s what working the night shift is all about — i.e. picking up the scent of information that has not yet been widely disseminated.  So far,  this con game has gotten the futures to 1317.50, the exact Hidden Pivot target of the pattern (5-minute) A=1304.25, B=1313.75, C=1308.00; however, if they go any higher, a minimum 1319.00 would be indicated.  That is the end of the line on the five-minute chart, and, like 1317.50, it is short-able with a very tight stop-loss.  The short would not be a high-odds play, though, since the thrust would be impulsively bullish on the lesser intraday charts due to the 1317.75 look-to-the-lefter made yesterday morning around 10:30. _______ UPDATE (9:11 a.m. EST):  The laughs reached a crescendo when the futures topped overnight at…1318.50!  Officially, a miss is as good as a mile, so this miss left us officially two ticks shy of getting short at the top.