ESZ12 – December E-Mini S&P (Last:1387.00)

If you’re still short, stick to the 1388.25 stop-loss. The purpose of using a stop-loss based on the creation of a bullish impulse leg is to avoid getting ejected from a trade merely because DaBoyz have elected to “run the stops.”  So far, this has kept us in the trade, although my strong hunch is that seasonality over the remainder of the week will suffice to push this vehicle above 1388.00.  If so, it won’t be such a bad thing, since anyone who followed my advice precisely will come away with a $4600 gain on a trade that risked, theoretically, just three ticks on entry.