ESZ12 – December E-Mini S&P (Last:1452.50)

Amidst yesterday’s asphyxiating tedium, the futures were unable to breach the 1460.50 external that would have alerted us to an impending rally.  A sign of weakness?  I doubt it. More likely is that the Sleazeballs who rig this game lacked even the mote of ‘good’ news needed to trigger off even a modest short squeeze.  Short-squeezes are how bull markets get from one level to the next, through previous resistance, but with the headlines still obsessing over Romney’s horrific, world-ending, campaign destroying, how-could-he-have-said-such-a-thing “47% gaffe,” DaBoyz lacked an excuse to pop this vehicle even the couple extra points it would have taken to get bears’ attention.  Yesterday’s trading suggestion remains valid nonetheless, and I’ve sketched it hypothetically on the accompanying chart to guide you.  You can learn to “camouflage trade” yourself.  Click here for a free trial to Rick’s Picks.