We remain short one contract via a tracking position with a cost basis fattened to 1470.00 by theoretical profit-taking thus far. I am still suggesting an impulse-leg stop based on the hourly chart, but I’d suggest reviewing the recording of Wednesday’s tutorial session to make sure you know what this means. (Note: I can arrange a viewing for Hidden Pivot webinar grads who are no longer signed up for the weekly sessions.) To guide you in the meantime, let me suggest a stop-loss just above 1399.75 if you’re swinging for the fences, but above 1388.00 if you’re playing it more conservatively. The significance of both price points is shown in the chart.
