Traders who followed my advice would have gotten long at exactly 10:11 p.m. EST Wednesday night, since the futures bottomed at 1225.75, a single tick from the entry point I’d advised. (It would have been a tick or two higher than the original number, since we were using a rising trendline to position our bid. It was also noted in the chat room that a conventional ABCD pattern caught the 1225.75 low to the exact tick.)  Assuming four contracts were acquired, cash out half of them now with the futures trading at 1232.75.  That would give the remaining two contracts a profit-adjusted cost basis of 1219.00.  Set a 1230.00 stop-loss, but plan on exiting one of the two contracts at 1234.50 if it’s reached.  We’ll swing for the fence on that last contract, letting it run with no stop-loss. _______ UPDATE (1:56 a.m. EST):  We exited the third contract at around 10:33 p.m. That leaves us with a single contract (or 25% of the original position if you did more than four contracts) and a paper-profit-adjusted cost basis of 1210.25.  To eliminate the open-ended risk of loss, I’ll recommend using an impulsive stop-loss, meaning we’ll exit the last contract if a bearish impulse leg is generated on the hourly chart. At the moment, with the futures trading 1236.25, it would take an uncorrected plunge to 1224.25 on the hourly chart to stop us out.  That would breach two prior lows — an internal as 1225.75 recorded tonight at around 8:30; and a second  at 1224.50 recorded on November 10. _______ UPDATE (10:59 a.m. EST): We exited on the stop at 1224.00 for a theoretical gain of slightly less than $700 per contract.  Because the downdraft exceeded the 1225.75 Hidden Pivot midpoint of a pattern begun Wednesday from 1257.75, the rally from this morning’s low is probably going nowhere — except lower. Click here if you’d like to learn how to do this parlor trick all by yourself.