Yesterday afternoon’s ‘s 22-point Whoopee Cushion bounce came off a low that lay just 1.50 points from the 1295.75 correction target flagged here.  Strictly speaking, there was no trade for those bidding at the Hidden Pivot.  However, using a camouflage strategy could have produced a different and rewarding outcome. Notice in the 3-minute chart (see inset) that the initial thrust was a compelling impulse leg with a one-off ‘A’, two single-bar coordinates and an entry trigger at 1303.50 — in short, a ‘What are you waiting for?’ trade for Pivoteers alert to the possibility of a turn at or near 1295.75.

The important thing to note is that the best — and easiest — entry opportunities are invariably those signaled on charts of minute degree following a price reversal at or near p or D.  For the trader, the trick is to act rather than think when all the ducks are so beautifully aligned.

For Friday, bulls were holding a small edge as of around 1:15 a.m. Sticking with the 3-minute chart displayed above, the relevant pattern is A=1297.25 (5/31 at 11:09 a.m. EDT), B=1319.00 and C=1299.50. The implication is that a decisive pop through the 1312.50 midpoint resistance would send this vehicle on its way to D=1323.25.  Camouflageurs can start looking for a way in after the 1307.00 trigger is hit.

______ UPDATE (10:02 a.m. EDT):  Ahh, all is right with the world! Following the Dow’s lead, the futures are in ‘plummet mode’ today, a Friday, DaBoyz having been unable to promote a short-squeeze on such dismal economic news as the markets have received this morning. (It seems, finally, to have dawned on the thieves, miscreants and mental defectives who make their living abusing OPM that this cannot lead to looser money because money is already as loose as it can conceivably get, barring the prospect of Helicopter Ben finally living up to his nickname.) From a Hidden Pivot perspective, the short-term outlook for the E-Mini S&Ps appear to be in synch with today’s dreadful forecast for the Indoos.  I suggest using a 1209.75 target (Daily chart, A=1411.74 on May 1, B=1287.25).  The 1272.00 midpoint support has yet to be tested, but if it is found wanting, look out below!

Calling the turns confidently while dramatically reducing trading risk is easier than you might think.  Want to learn how? Click here for information concerning the upcoming Hidden Pivot Webinar on June 6-7.