ESU12 – September E-Mini S&P (Last:1317.500)

The futures ended the day with an impulsively bullish thrust on the hourly chart that night owls may be able to leverage. The approach called for is perhaps the opposite of a ‘timed’ buy-stop, since the waiting game will take place before we get long rather than after.  In this case, I’ll suggest waiting for a very minor, uptrending abc pattern after ‘X’ has been triggered relative to the larger pattern shown.  Essentially, along the route of B-C, you will be looking for impulse legs on charts of 3-minute-degree or less.  The later the signal occurs Tuesday night, the more likely your success, since we are always favored when our competitors have grown bored and inattentive to opportunity.  Like to learn how to reduce the risk of a trade using the Hidden Pivot Method? Click here.