ESZ11 – December Mini S&P (Last:1244.50)

The 1256.50 rally target given here yesterday remains valid as a minimum objective, but any higher and we’d probably be looking at 1271.50, at least. I’d rate the higher number a less risky short, and so I’ll officially recommend doing so with a 1271.25 offer and a 1272.25 stop, one contract.  If you are schooled in the “camouflage” arts, however, I’ll suggest getting long from here to 1271.25; and then reversing the position via a four-contract short from near 1271.50. If the expected top occurs during market hours, check back here, since I may update with a specific, detailed strategy in real time.  Want to learn how to nail swing highs and lows precisely, and to manage trade risk with a simple approach? Click here for information about the upcoming Hidden Pivot Webinar on November 16-17 and a $50 discount.