ESH13 – March E-Mini S&P (Last:1420.00)

The 5-minute chart (see inset) shows why a relapse to 1405.25 seems logical at the moment. Because this midpoint pivot lies in the middle of nowhere relative to any ‘structural’ supports, you can bottom-fish it with a stop-loss as tight as three ticks. Camouflage is preferred, though, and if you’re planning on doing it that way, I’d suggest looking for your opportunity on the 5-minute chart  or less.  Click here to sample Rick’s Picks, the chat room, daily trading ‘touts’ and impromptu online trading sessions for free.