ESH13 – March E-Mini S&P (Last:1412.00)

I’m not going to tell you that Friday’s tedious price action would have been easy to trade, even using camouflage. However, when the dust finally settled, we saw that the futures had done little more than plummet precisely to a Hidden Pivot target at 1410.00 the day before; then, to end the week, pound on the support all day long without exceeding it by much. There was a perfect shorting opportunity at 1418.00 on Thursday, but I’ll let you discover it by yourselves. My hunch is that Friday’s breach of 1410.00 spells more weakness when trading begins anew this morning.