ESU11 – September E-Mini S&P (Last:1285.25)

How very exciting yesterday was, what with the futures extending by yet one more session the soporific sine wave they’ve been tracing out for the last two weeks.  The entirety of yesterday’s rally exceeded few prior peak of importance, even on the five-minute chart, and so little was accomplished toward the task of eating up supply.  Night owls can nonetheless try to leverage a pullback from just above the 1281.75 peak shown to ‘camouflage’ their way aboard a low-risk long. An ostensible Hidden Pivot target lies at 1298.50 — the result, on the 15-minute chart, of A=1252.25 on June 16.  More imaginatively (i.e., on the 240-minute chart, where A=1285.25 on April 18 and B=1367.50 on May 2) a rally could go all the way to 1367.50 without hitting any important Hidden Pivots. _______ UPDATE (11:40 a.m EDT): Based on the ‘camo’ pattern shown in the chart, the futures tripped an entry signal at 1281.00 near the opening. They’ve decisively exceeded the 1284.00 midpoint of the pattern and should be presumed bound for a minimum 1289.75, the ‘D’ target.