Expect a little more backing and filling before this vehicle gets goosed to 1390.50, a Hidden Pivot target broached here earlier. Why the delay? Apparently, DaBoyz got a little ahead of themselves when they opened index futures Monday night for holiday-shortened trading. Although they were able to gap this hoax higher on zero volume, it left some actual sellers to deal with yesterday after the excitement had died down over the latest, absolutely fabulous news from Europe.
Night owls looking to chase boredom by getting long should seek camouflage opportunities on the three-minute chart. As of around 6:35 p.m. EST, there were two ‘external’ peaks that could prove helpful in this regard: 1362.75 and 1363.25.