The 1411.50 downside target flagged in Friday’s update will continue to serve as a logical minimum price objective if its ‘p’ sibling at 1428.00 gets taken out. The target is miles from any prior lows, and so it can be bottom-fished with a 1410.75 stop-loss. If the trade fills and survives for perhaps 15-20 minutes, check back here for further guidance. More immediately, night owls can use the 5-minute chart if searching for a relatively painless way to get short via camouflage. _______ UPDATE (10:30 a..m. EDT): The futures went just a tick below p early Monday morning before trampolining 25 points higher. If you were looking diligently to get long via camouflage, on the one-minute chart, 1429.25 at 1:36 a.m. EDT was the best place to have gotten aboard.
