The futures slithered somewhat closer to a 1404.00 target, recording an intraday high at 1395.75. Although the target remains valid, it has become too boring at this point to care about. Another at 1409.00 now looks downright tradable, however, and so I’ll suggest shorting there either via camouflage or with a stop-loss no wider that 1410.25. The chart shows how compelling this Hidden Pivot is, but also how it too, like 1404.00, would start to lose its appeal if the futures take too long getting there. For that reason, I am making this trade recommendation good for today only. If 1409.00 is achieved it would imply an approximately 150-point rally in the Dow.
