ESH13 – March E-Mini S&P (Last:1410.75)

I disseminated a 1378.50 downside target yesterday when the futures crushed the 1403.50 midpoint support of the pattern shown. It’s yours to leverage as you please (see inset), but we shouldn’t get too immersed in such relative trifles, since fiscal-cliff mania could be rampant at any moment of the day.  Such hysterics would of course be constrained, if not to say governed by, Hidden Pivot swing points, but merely knowing where those price points are does not necessarily guarantee us a safe-boarding pass and a comfortable berth.  Click here for information about the upcoming Hidden Pivot Webinar and a $50 discount.