A 12412 target identified here a while back remains viable, so let’s plan on shorting there with a stop-loss at 12421. As is the case with the E-Mini S&Ps, my preference is to initiate the trade using camouflage. I don’t usually advise getting involved on a Friday afternoon, but in this case, because a short-squeezy high on a Friday close would bamboozle even those who have been eager to get short for…years, scaring them from dong the right thing, I’ll make an exception. _______ UPDATE (Sunday, 8:28 p.m. EST): The futures went the wrong way, but the target and the suggested trade remain viable. Night owls can look for bottom-fishing opportunities at 12109 and/or 12041.
