ESZ11 – December Mini S&P (Last:1214.25)

December Mini S&P (ESZ11) price chart with targetsTry bottom-fishing at 1194.50, the clear-as-day Hidden Pivot target of the pattern shown. You could use a stop-loss as tight as three ticks, but camouflage is the preferred tactic for two reasons: 1) the pattern is sufficiently clear to attract the attention of the riff-raff; and 2) the support lies just 2.00 points above a key structural low recorded on October 20. Incidentally, although a breach of the pivot and the low would have bearish implications going forward, you could still take the long side following an apparent breakdown, since it could produce a nice whipsaw to the upside.  Click here if you’d like to learn how to do these trading tricks yourself.