The potentially important target that I alluded to in today’s commentary should be familiar to subscribers: 1412.75. The chart, too, should look familiar, although it is even more compelling visually following last week’s extension of the C-D rally leg. We’ll be looking to get short near the target via camouflage, using a chart of 5-minute degree or less, but those of you who are eager to get aboard but unfamiliar with the technique can simply short 1412.50, stop 1413.25. The latter strategy will assume a single-contract entry, but I’ll track four contracts if there’s an obvious fill on a ‘camo’ trade.
