ESZ12 – December E-Mini S&P (Last:1437.25)

The next thrust should take the futures to the 1477.50 target of the pattern shown.  If achieved, that Hidden Pivot will be short-able with a 1478.25 stop-loss, since it has been corroborated by yesterday’s stall precisely three ticks from the sibling midpoint, 1450.75. Larger patterns appear to be working with equal precision, as the chart shows. Notice that after peaking in mid-September at a record recovery high of 1468.00, the futures pulled back almost exactly to the midpoint of the pattern, 1424.75 (the red line).   (In as little as four to six weeks, you can learn to do this stuff yourself. Click here for  free trial subscription to Rick’s Picks.)