A 35.535 Hidden Pivot target drum-rolled here earlier remains my minimum rally target for the moment, but the futures will first need to build a launching pad at 34.235, the midpoint, to exit the atmosphere. We cautiously exited a winning day trade yesterday for a $3100 paper gain, necessitating re-entry if we are going to capture the last part of the move. Judging from the diabolical price action since yesterday morning, finding good camouflage to get long again is going to be tough. My suggestion is to use the 5-minute chart (see inset), which contains enough subtle hooks to get us aboard. Since risk, in theory, will be penny ante, you can ignore the fact that none of the peaks along this evening’s retracement is a true ‘external’.
