ESH12 – March E-Mini S&P (Last:1366.00)

March E-Mini S&P (ESH12) price chart with targetsDaBoyz were back to their old, sleazy selves Thursday evening, mercilessly short-squeezing the futures on near-zero volume and a feel-good headline concerning the big story of the day — National Enquirer‘s photos of Whitney Houston lying in state, as it were.  As we went to press, this phony-but-all-too-real rally has gotten within three ticks of the 1367.75 midpoint resistance shown in the chart. As always, we should infer that once this Hidden Pivot has been decisively breached, that will signal further progress to its ‘D’ sibling — in this case, 1385.25.  On the chart, I’ve identified a series of lesser external peaks, a B-C pullback from above any of which could yield a camouflaged opportunity to get long. Night owls looking for action should pay close heed, since any trade is likely to trigger in the off-hours. Would you like to learn how we use the ‘camouflage’ trading technique to significantly reduce entry risk? Click here for details.