ESZ12 – December E-Mini S&P (Last:1455.25)

All day long yesterday, Google featured campaign stories at the top of their news page. Can the editors finding nothing more interesting to talk about? Evidently not.  Assuming the nation’s news editors remain in navel-gazing mode as the week draws to a close, we should maintain a bullish bias on stocks nonetheless as they continue to mark time.  This vehicle is working on a pattern that projects to 1497.00, but that’s assuming yesterday’s 1443.50 low holds as a point ‘C’. More likely, especially in a continuing news vacuum, is a feint below 1443.50 to set up a short squeeze either Sunday night or Monday morning. That said, if boredom encroaches, night-owl camouflageurs will find ample speculative entry opportunities on the 5-minute chart.  You can learn to “camouflage trade” yourself.  Click here for a free trial to Rick’s Picks.