ESH12 – March E-Mini S&P (Last:1347.75)

March E-Mini S&P (ESH12) price chart with targetsI put out a trade recommendation in the chat room yesterday to take advantage of a crystal-clear correction target at 1337.25. Alas, the futures trampolined from 1337.50 — and did so with such ferocity that even on the one minute chart there were no easy handholds for attempting a camouflage entry. The rally racked up a 10-point gain in mere minutes, recouping losses that had taken nearly seven hours to accumulate.  As of around 7 p.m. EST, there was almost no pullback in after-hours trading, a fact that made bears’ distress all too apparent.  They’re not likely to get much slack as the night wears on, and so Rick’s Picks night owls should seize any opportunity that comes, predicated on a B-C pullback that meets our criteria (see inset). Want to learn how to nail price reversals like a pro?  You can learn to do it in as little as six weeks. Click here for information about the upcoming Hidden Pivot Webinar and receive a $50 discount.