ESZ12 – December E-Mini S&P (Last:1456.50)

Buyers had little trouble getting past a compelling Hidden Pivot target at 1462.00 that I’d flagged, implying they will be in a buying mood when the new week begins.  Although index futures are off by a few points early Sunday night, it’s probably because DaBoyz are unable to scare even the nervous Nellies into parting with some contracts.  To get long, camouflageurs should use the look-to-the-left peak at 1461.25 that I’ve highlighted in the chart.  A ‘b-c’ pullback from just above it would provide the kind of subtle cover we look for to initiate trades where few others are looking.  Notice as well that the 1458.00 ‘x’ trigger of the larger pattern has already been hit, but that the most recent upthrust was not genuinely impulsive because it did not exceed any ‘external’ peaks.