A 34.225 pivot identified in yesterday’s tout caught the day’s low within a penny-and-a-half, putting a possible winning trade within the grasp of alert camouflageurs. Price action was erratic all day, but when the trend resumes, targets at 35.740 and 36.350 should serve as inspiration for subscribers who want to take the plunge. Night owls can try bottom-fishing the pattern shown if it develops correctly. _______ UPDATE (12:37 a.m. EST): The futures went no lower than 34.460 before resuming their rampage, stranding our niggardly bid. The 35.740 target identified above still obtains, but if it’s exceeded by as little as three ticks, look for a short-term finishing stroke to exactly 35.875. The sibling midpoint of that last number is 35.045, so look for a possible stall.
