Based on the $6 trailing stop advised, we exited a single contract yesterday at 1459.00 for a theoretical gain of $1300. I’d suggested implementing the stop when the rally hit 1464.90. In the actual event, it hit 1465.00 in the wee hours before falling to 1453.20 over the course of several hours. The rally from that low is continuing into Thursday evening and looks capable of hitting 1492.00 over the near term, although any higher would hint of a (minor) cycle-ending flourish to 1509.50, a Hidden Pivot.
