ESM12 – June E-Mini S&P (Last:1403.00)

I’m no longer recommending a tightly stopped short from 1412.50, since it is tempting fate to try it ahead of housing data that is all but certain to provide DaBoyz with short-squeeze ammo.  However, we can still attempt to get short via ‘camouflage’ as suggested here earlier. Traders should start looking for a tradable downturn if and when the futures touch 1410.50, and to initiate the trade on the first downtrending ‘X’ that meets our established criteria. If there’s an obvious fill (and corroboration thereof in the chat room), I’ll establish a tracking position for your further guidance. [Click here for details concerning our upcoming webinar on ‘camouflage trading’ and the Hidden Pivot Method.]